https://www.taxtmi.com/caselaws?id=261768 The Tribunal allowed the Assessee's appeal, holding that the mistake in the audited accounts could be rectified under section 154 of the Income Tax Act. The Tribunal disagreed with the authorities' position that a revised return was necessary, citing relevant case laws and provisions of the Act. Consequently, the Tribunal set aside the order of the Ld. Commissioner of Income Tax(Appeals) and directed the Assessing Officer to grant the refund requested by the Assessee. en-us Fri, 17 Jul 2015 00:00:00 +0530 Wed, 22 Jul 2015 06:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261768 The Tribunal allowed the Assessee's appeal, holding that the mistake in the audited accounts could be rectified under section 154 of the Income Tax Act. The Tribunal disagreed with the authorities' position that a revised return was necessary, citing relevant case laws and provisions of the Act. Consequently, the Tribunal set aside the order of the Ld. Commissioner of Income Tax(Appeals) and directed the Assessing Officer to grant the refund requested by the Assessee. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261768