2012 (10) TMI 854

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....lenged the correctness of the order of the Ld. CIT(A)-8, Mumbai dt.2.5.2012 pertaining to assessment year 2008-09. 2. The assessee has questioned the correctness by raising the following grounds of appeal: "1.  The Ld. CIT(A) erred in confirming the action of the AO in rejecting the application for rectification u/s. 154 of the I.T. Act, 1961 made by the appellant company.  2.&n....

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..... 4,47,454/-. It was further pointed out that the tax has been calculated at normal rate on entire income ignoring the fact that the assessee has shown Short term Capital gain at Rs. 2,65,853/- which should have been taxed at special rate as applicable on Short Term Capital gain. The AO rejected the application u/s. 154 of the Act holding that the assessee has not shown Short Term Capital Gain u/s....

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....nadvertently and due to clerical error in the amount column, it has been mentioned as Nil. However, at the same time under Item No. (3aii) and (3aiii) Short Term capital gain had been shown at Rs. 2,65,853/-. Further drawing our attention to internal page P-19 of the revised e-return under schedule CG-capital gain, although at Item No. 6, the assessee has shown total short term capital gain at Rs.....

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....e down loaded software provided by the CBDT or by the softwares available in the market. In either of the case, there is every possibility of entering incorrect data without having the expert knowledge of preparing an XML file. XML file so created is uploaded to the official Website i.e. www.Incometaxindiaefiling.gov.in. Once the return is uploaded ITR-V , which is the acknowledgement of the retur....