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Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The High Court dismissed the petition seeking rectification of mistake in filing the wrong income tax return (ITR) format, as the assessee had full knowledge of filing the incorrect ITR. The Court observed that the assessee had filed the subsequent year's ITR in the correct format after revising it, indicating awareness of the proper procedure. The assessee has the remedy u/s 154 to seek necessary rectifications by filing an application, which the tax authority shall decide based on merits and allow the assessee to file the correct return, if required. No further adjudication by the Court is necessary at this stage.
The High Court dismissed the petition seeking rectification of mistake in filing the wrong income tax return (ITR) format, as the assessee had full knowledge of filing the incorrect ITR. The Court observed that the assessee had filed the subsequent year's ITR in the correct format after revising it, indicating awareness of the proper procedure. The assessee has the remedy u/s 154 to seek necessary rectifications by filing an application, which the tax authority shall decide based on merits and allow the assessee to file the correct return, if required. No further adjudication by the Court is necessary at this stage.
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