Taxpayer's Rectification Request Accepted; No Need for Revised Audit Report u/s 154, Section 143(1)(a) Additions Challenged.

Taxpayer's Rectification Request Accepted; No Need for Revised Audit Report u/s 154, Section 143(1)(a) Additions Challenged. https://www.taxtmi.com/highlights?id=70880 Disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return - Additions while processing ITR u/s 143(1)(a) at CPC - The argument of the revenue that, the assessee instead of filing revised audit report rides on wrong bus and has applied the provisions u/s. 154 of the Act for rectification of mistakes, cannot be acceded to and rejected. - AT en-us Thu, 13 Jul 2023 13:06:21 +0530 Thu, 13 Jul 2023 13:06:21 +0530 TaxTMI RSS Generator Taxpayer's Rectification Request Accepted; No Need for Revised Audit Report u/s 154, Section 143(1)(a) Additions Challenged. https://www.taxtmi.com/highlights?id=70880 Disallowance of expenditure indicated in the audit report but not taken into account in computing the total income in the return - Additions while processing ITR u/s 143(1)(a) at CPC - The argument of the revenue that, the assessee instead of filing revised audit report rides on wrong bus and has applied the provisions u/s. 154 of the Act for rectification of mistakes, cannot be acceded to and rejected. - AT Highlights Income Tax Thu, 13 Jul 2023 13:06:21 +0530 https://www.taxtmi.com/highlights?id=70880