https://www.taxtmi.com/caselaws?id=446536 The HC addressed two issues: the dismissal of a revision application under Section 264 of the Income Tax Act and the rejection of a rectification application for the Assessment Year 2017-18. The court upheld the respondent's position that rectification of Income Tax Returns requires the filing of revised returns. Regarding the double assessment of rental income, the court recognized the petitioner's error and allowed the filing of revised returns within 15 days to prevent double taxation. The court directed the Assessing Officer to process the revised returns, emphasizing timely corrections to ensure fair taxation. Both writ petitions were disposed of accordingly. en-us Mon, 20 Nov 2023 00:00:00 +0530 Tue, 05 Dec 2023 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446536 The HC addressed two issues: the dismissal of a revision application under Section 264 of the Income Tax Act and the rejection of a rectification application for the Assessment Year 2017-18. The court upheld the respondent's position that rectification of Income Tax Returns requires the filing of revised returns. Regarding the double assessment of rental income, the court recognized the petitioner's error and allowed the filing of revised returns within 15 days to prevent double taxation. The court directed the Assessing Officer to process the revised returns, emphasizing timely corrections to ensure fair taxation. Both writ petitions were disposed of accordingly. Case-Laws Income Tax Mon, 20 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446536