2014 (4) TMI 670

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.... confirming the order of the Assessing Officer in assessing the income of the appellant at Rs.3,62,16,725/- instead of the actual income of Rs.1,98,85,921/- without appreciating the fact that the appellant had inadvertently entered the wrong figures in wrong columns while filing the e-return for the first time. 2. On the facts and in the circumstances of the case and in law the CIT(A) erred in relying on irrelevant issues and case laws which are not applicable to the appellant while deciding the appeal. 3. On the facts and in the circumstances of the case and in law the CIT(A) failed to appreciate the errors in making the entry in the Computation of total income in the e-return more specifically the entry of Rs.3,62,16,725/- made unde....

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.... the total income was wrongly shown as Rs.3,62,16,725/- without decimal separator. It was just a clerical mistake that the decimal could not be written separating the rupees and paisa in the said figure. The mistake was pointed out to the Assessing Officer (hereinafter referred to as AO) but he refused to rectify the same. The assessee also has filed a revised return which was also rejected by the AO. In appeal, the ld. CIT(A) called for a remand report from the AO. The AO after perusal of the balance sheet pointed out that the claim of the assessee was correct that due to unintentional error the figure of the total income was shown as Rs.3,62,16,725/- without the decimal separator virtually should have been written as Rs.3,62,167.25. Howev....

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....s office letter dt.29-9-2010 calling for his report on the claims/contentions of the appellant. The relevant text of the A.O.'s report dt.14-2-2011 is extracted below:  "On perusal of the records, it is observed that assessment was completed after accepting the returned income. The assessee filed revised return after the completion of the assessment hence it is not taken into consideration. The assessee has claimed that due to an unintentional error the total income of the assessee was stated as Rs.3,62,16,725/- which is the figure of other income without decimal separator. The assessee has filed copy of its balance sheet and on perusal of the same, it is seen that the contention of the assessee is correct." 7. A perusal of the a....