https://www.taxtmi.com/caselaws?id=116835 The Tribunal set aside the assessment order that confirmed the addition of Rs. 71,515 for work in progress, directing a reevaluation based on the revised return. It was found that the inclusion of bills receivable in the work in progress account was due to the accountant's error, leading to an unjustified addition by the Assessing Officer. The Tribunal ruled in favor of the appellant, deleting the Rs. 71,515 addition, recognizing it as a genuine mistake and emphasizing the duty of the Assessing Officer to make well-founded assessments. en-us Wed, 15 Oct 2003 00:00:00 +0530 Mon, 18 Jun 2012 11:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116835 The Tribunal set aside the assessment order that confirmed the addition of Rs. 71,515 for work in progress, directing a reevaluation based on the revised return. It was found that the inclusion of bills receivable in the work in progress account was due to the accountant's error, leading to an unjustified addition by the Assessing Officer. The Tribunal ruled in favor of the appellant, deleting the Rs. 71,515 addition, recognizing it as a genuine mistake and emphasizing the duty of the Assessing Officer to make well-founded assessments. Case-Laws Income Tax Wed, 15 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116835