AO Mistakenly Added previous year’s Balance into Account while computing total receipt: Kerala HC sets aside Assessment Order [ Read Order]

AO Mistakenly Added previous year's Balance- total receipt - Kerala HC - Assessment Order - taxscan

The Kerala High Court set aside the assessment order wherein the Assessing Officer (AO) mistakenly added the previous year’s balance into account while computing the total receipt. It was necessary to calculate the correct income as to confirm tax exemption under Section 10(23C)(iiiad) of the Income Tax Act 1961. St Josephs FCC Province Thalassery, the…

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