Poorvanchal Vikas Foundation v .ITO (2022) The Chamber’s Journal – September – P. 134( Varanasi)( Trib )

S. 154 : Rectification of mistake -Inadvertent mistake by assessee- The AO has to rectify the said mistake [ S. 143(1)]

The Tribunal held that though there is  remedy to revise the return of income but if the assessee could not revise the return  the assessee can move an application u/s 154 of the Act . If the mistake is obvious or inadvertent on the part of the assessee in reporting incorrect income in the return of income , the AO has to pass the rectification order . The matter was remanded to the AO to find out correct facts and pass the order accordingly . ( ITA No. 12 & 13  /VNS / 2022  dt . 4 -8 -2022 ) ( AY. 2013 -14 , 2014-15 )

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