2026 (7) TMI 45

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.... For the Respondent : Shri Sandip Sarkar, Sr. DR ORDER PER RAJESH KUMAR, ACCOUNTANT MEMBER: This appeal preferred by the assessee against the order of the learned Addl./Jt. Commissioner of Income Tax (Appeals)-1,Mumbai (hereinafter referred to as the "ld. JCIT(A)"], dated 08.01.2026 for the Assessment Year (AY) 2017-18. 2. The only issue pressed by the learned Authorized Representati....

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.... The assessee had to pay a sum of Rs. 8,22,523/- as interest u/s 234C of the Act. Thereafter, return was processed u/s 143(1) of the Act on 02.02.2018, wherein interest u/s 234C of the Act was rightly computed at Rs. 7,28,999/- instead of system auto-calculated interest of Rs. 8,22,523/-. Thereafter, the case was selected for scrutiny under CASS and assessment u/s 143(3) of the Act was framed vide....

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.... and there is no prima facie mistake in the said order and thus mistake /defect in the calculation of interest as mentioned by AO in the notice u/s 154 of the Act is factually incorrect. The AO was accordingly requested to drop the proceedings u/s 154 of the Act vide written submission dated 11.08.2023. Whereas on the other hand, the AO passed the order u/s 154/143(3) of the Act, wherein interest ....

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....paid interest of Rs. 8,22,523/- at the time of filing return of income as while pressing the button (Compute tax), the interest was automatically calculated at Rs. 8,22,523/-. Therefore, considering the facts and circumstances of the case, we find that rectification order passed by the AO u/s 154/143(3) of the Act, dated 11.08.2023 is wrong and cannot be sustained as there is no mistake in the ass....