Mistake not Apparent and Known to AO without In-Depth Analysis: ITAT upholds Rejection of Rectification Application [Read Order]

By Fathima Karama A.M - On May 26, 2023 8:30 am - 2 mins read
Mistake - Apparent - AO - In-Depth Analysis - ITAT upholds Rejection - ITAT - Rejection - Rectification Application - Rejection of Rectification Application - taxscan

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the rejection of rectification application holding that the mistake was not apparent and known to Assessing Officer (AO) without in-depth analysis. A search operation was initiated in the case of the assessee, namely Krishna Kumar D. Shah, being the Kartha of HUF at his…

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