2022 (4) TMI 281

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....ct) passed by the Assistant Commissioner of Income-tax-21(3), Mumbai (the learned Assessing Officer) on 15.02.2016. 2. The assessee has raised the following grounds of appeal:- "The Ld. CIT(A) erred on facts and in law in confirming action of Assessing Officer in not correcting arithmetic error of Rs. 32,34,937/- crept in computation of capital gains on sale of shares and brought to the notice of Assessing Officer in the course of assessment proceedings leading to unwarranted computation of capital gains at an inflated figure. The Ld. CIT(A) erred on facts and in law in not following binding judgments and decisions of jurisdictional High Court as well as Tribunal available on the date of adjudication of appeal. ....

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....s already lapsed, it is not possible to entertain any claim for deduction. Further, on the merits of the case, he held that assessee only furnished the vouchers which did not have any authenticity to establish that cost of acquisition was more than what was claimed by the assessee in the original return of income. 8. Thus, the assessee is aggrieved with the order and preferred the appeal before us. 9. The learned Authorized Representative submitted that assessee has not made any fresh claim but has only asked the learned Assessing Officer to correct the arithmetic error in the computation of the capital gain on sale of shares where the cost of acquisition is wrongly punched, which the learned Assessing Officer refused to do and the le....