https://www.taxtmi.com/caselaws?id=775371 The HC held that the revisional authority under s. 264 is competent to correct bona fide errors committed by the assessee in the return, even if the time for rectification under s. 143(1) has expired. The authority erred in refusing to consider the alteration return filed by the assessee solely because the return particulars could not be altered by anyone other than the assessee. The court distinguished prior SC precedent, noting it did not address s. 264's scope to correct assessee errors. The matter was remanded for fresh consideration by the appropriate authority in light of these observations. en-us Tue, 15 Jul 2025 00:00:00 +0530 Thu, 24 Jul 2025 08:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775371 The HC held that the revisional authority under s. 264 is competent to correct bona fide errors committed by the assessee in the return, even if the time for rectification under s. 143(1) has expired. The authority erred in refusing to consider the alteration return filed by the assessee solely because the return particulars could not be altered by anyone other than the assessee. The court distinguished prior SC precedent, noting it did not address s. 264's scope to correct assessee errors. The matter was remanded for fresh consideration by the appropriate authority in light of these observations. Case-Laws Income Tax Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775371