https://www.taxtmi.com/caselaws?id=789122 ITAT Ahmedabad held that the validity of the return and denial of rectification or refund-related relief could not be decided without first verifying whether the assessee had any business or professional income. The assessee's plea was that income arose only from capital gains and other sources, so no audit report was required; the Tribunal found that this core factual claim had not been examined by the lower authorities. It further noted that a bona fide mistake in the return should not defeat substantive relief if the underlying claim is otherwise correct. The matter was set aside and restored to the jurisdictional Assessing Officer for fresh verification, with consequential relief to follow if the claim is accepted. en-us Wed, 01 Apr 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789122 ITAT Ahmedabad held that the validity of the return and denial of rectification or refund-related relief could not be decided without first verifying whether the assessee had any business or professional income. The assessee's plea was that income arose only from capital gains and other sources, so no audit report was required; the Tribunal found that this core factual claim had not been examined by the lower authorities. It further noted that a bona fide mistake in the return should not defeat substantive relief if the underlying claim is otherwise correct. The matter was set aside and restored to the jurisdictional Assessing Officer for fresh verification, with consequential relief to follow if the claim is accepted. Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789122