Riddhi Jain (Chartered Accountant) (120 Points)
25 September 2012If the Assessee has mentioned wrong section in the Return of income should it lead to disallowance of the claim of deduction?
The Assessee has wronlgy claimed deduction u/s 80 IB instead of 80 - IC but the amount claimed is correct as per sec 80 - IC. Its was just a typographical error.
Hence the claim should be ideally allowed.
Can anyone help with relevant case laws and judgements.
Thanks in advance
CA Harsh Lunia
(Audit)
(81 Points)
Replied 26 September 2012
Even if it is a typographical error, there is no provision in the Income tax act to rectify that error othr than by filing a revised return. Even a rectification under section 154 can be sought but only after the department has passed an order.
Hence, considering that the department is yet to pass an order in respect of the assessee, the right way to go forward is to file a revised return.
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