https://www.taxtmi.com/caselaws?id=377283 The appeal challenging the rejection of the application under section 154 of the Income Tax Act 1961 was dismissed. The assessing officer's decision to reject the application was upheld as the assessee failed to rectify the error within the specified time limit. Despite the contention of a system error leading to discrepancies in expenses, the court emphasized the taxpayer's responsibility to file a revised return to correct such errors. The judgment highlighted the importance of timely rectification of errors in tax filings and held the assessee accountable for the inaccuracies in their return. en-us Mon, 25 Mar 2019 00:00:00 +0530 Tue, 26 Mar 2019 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377283 The appeal challenging the rejection of the application under section 154 of the Income Tax Act 1961 was dismissed. The assessing officer's decision to reject the application was upheld as the assessee failed to rectify the error within the specified time limit. Despite the contention of a system error leading to discrepancies in expenses, the court emphasized the taxpayer's responsibility to file a revised return to correct such errors. The judgment highlighted the importance of timely rectification of errors in tax filings and held the assessee accountable for the inaccuracies in their return. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377283