A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]

Mistake - Assessee - Lawful Expenditure - ITAT - Taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee cannot be deprived off the expenditure which are legally eligible merely on the ground of a mistake committed during the filing of the income tax return. During the assessment proceedings, the Assessing Officer noted that the assessee, M/s Uniworth Textiles…

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