| COURT: | Delhi High Court |
| CORAM: | Sangita Dhingra Sehgal J |
| SECTION(S): | 276C, 277, CrPC |
| GENRE: | Domestic Tax |
| CATCH WORDS: | apparant mistake, prosecution |
| COUNSEL: | K. R. Manjani |
| DATE: | November 23, 2017 (Date of pronouncement) |
| DATE: | November 30, 2017 (Date of publication) |
| AY: | 2007-08 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 276C/277 Prosecution: Submission that claim of depreciation on land was a “mere clerical mistake” is not acceptable if the assessee did not file a revised return to correct the alleged mistake. A claim in a return which is scrutinized by the auditors and the directors cannot be considered as a mere accounting mistake | |
It is a manifest procedure that before filing of the Income Tax return for the assessment year 2007-2008 by the petitioner, the same is scrutinized, firstly, by the auditors of the company. Secondly, by the directors of the company before endorsing their signatures on the final Balance Sheet. Therefore, it cannot be considered as a mere accounting mistake
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