Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition: ITAT [Read Order]
The Bench found that due to a typographical error in form 3CD, the total commission or brokerage expenses for the financial year 2017-2018 has been an incorrect figure and incorrectly entered due to a typographical error.
The Chennai Income Tax Appellate Tribunal (ITAT) explained that a typographical error in mentioning the incorrect amount of expenses in Form 3CD does not call for any addition by the Assessing Officer to the assessee’s income. Shri. Palanisamy Senthilkumar, the assessee is an individual carrying on the business as a trader in wearing apparel, filed…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
