2023 (3) TMI 99

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....61 ("the Act" for short)pertaining to Asst.Year2014-15. 2. As transpires from orders of authorities below and the documents placed before us, the present appeal is arising on account of rectification application filed by the assessee seeking rectification in the intimation made by the Department under section 143(1) of the Act on the return of income filed for the impugned year. The rectification sought u/s 154 of the Act to the intimation, being rejected both by the AO and the ld.CIT(A). As transpires, the assessee had filed return of income for the impugned assessment year i.e.Asst.Year 2014-15, disclosing income from salary of Rs.34,07,604/- and the tax payable on the same being Rs.8,77,664/- against which he had claimed relief under ....

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....surance contribution of Rs.16,788- and Insurance Savings of Rs.60,022/-; in all total of Rs.30,83,039/-; that all these amounts were tax free, but were inadvertently included in his income from salary returned to tax. All evidence proving aforesaid facts were filed to the AO. The assessee also furnished copy of his Form No.16 reflecting the salary received during the year only to the extent of Rs.1,66,956/-. The AO however rejected the assessee's request for rectification of intimation stating that exempt income had not been returned as such in the return of income filed; that the assessee needed to file a revised return within the time allowed by law for revising this original return and in the absenceof such revised return, the assessee's....