Case Law Analysis
|Income Tax Appellate Tribunal
Section 154 IT Act | Mistakes in Filed Return Apparent from Record Are Rectifiable Even If They Alter Total Income : ITAT Kolkata
ITAT Kolkata has ruled that errors in an income tax return - such as incorrect LTCG computation - can be corrected under Section 154 if apparent from the record, regardless of whether the rectification changes the total income. This affirms that the scope of rectification extends to the return itself, not just assessment orders, reinforcing natural justice and the tax officer’s duty to ensure accurate computation under CBDT Circular 14/1955.