https://www.taxtmi.com/caselaws?id=378328 The Tribunal allowed the appeal, emphasizing that the Assessing Authority should correct mistakes in the computation statement of income, even if they benefit the assessee. The Tribunal highlighted that assessment proceedings are not adversarial and should be conducted fairly. Referring to relevant case laws and a CBDT Circular, the Tribunal concluded that the appellant, a NRI, was entitled to the relief sought due to an honest mistake in overstating long term capital gains. The appeal was allowed, directing the correction of the error in the computation statement for the assessment year 2012-2013. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 12 Apr 2019 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378328 The Tribunal allowed the appeal, emphasizing that the Assessing Authority should correct mistakes in the computation statement of income, even if they benefit the assessee. The Tribunal highlighted that assessment proceedings are not adversarial and should be conducted fairly. Referring to relevant case laws and a CBDT Circular, the Tribunal concluded that the appellant, a NRI, was entitled to the relief sought due to an honest mistake in overstating long term capital gains. The appeal was allowed, directing the correction of the error in the computation statement for the assessment year 2012-2013. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378328