https://www.taxtmi.com/caselaws?id=448352 The ITAT Bangalore allowed the assessee's appeal for statistical purposes in a rectification matter under section 154. The assessee had filed an original return showing NIL income with erroneous figures in wrong columns, then filed a revised return on the same day claiming refund of Rs. 55,623. The CPC processed only the original return. The ITAT held that placing figures in wrong columns constituted a mistake apparent from record. Citing CBDT Circular No.14 of 1955, the matter was remitted back to the AO for rectifying the mistake in the original return and deciding as per law. en-us Mon, 15 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 08:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448352 The ITAT Bangalore allowed the assessee's appeal for statistical purposes in a rectification matter under section 154. The assessee had filed an original return showing NIL income with erroneous figures in wrong columns, then filed a revised return on the same day claiming refund of Rs. 55,623. The CPC processed only the original return. The ITAT held that placing figures in wrong columns constituted a mistake apparent from record. Citing CBDT Circular No.14 of 1955, the matter was remitted back to the AO for rectifying the mistake in the original return and deciding as per law. Case-Laws Income Tax Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448352