| Question And Answer | |
|---|---|
| Subject: | Rectification under Section 154 |
| Category: | Income-Tax |
| Querist: | Rahul Srivastava |
| Answered by: | Law Intern |
| Tags: | rectification application u/s 154 |
| Date: | August 1, 2026 |
An assessee had Capital Loss in AY 2023-24 , itr also filed in time, now in AY 2025-26, brought forward loss not reported and accordingly not set off. Can we file rectification of ITR.
Technically, S. 154 allows rectification of a “mistake apparent from the record”. Seeking to claim a brought forward loss which was not reported earlier may not constitute a simple clerical/apparent error. Anyway, you have nothing to lose and should pursue this. If the CPC rejects it, you can file an appeal.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org