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.
Incorrect Amount of Expenses in Form 3CD due to Typographical Error, No Income Tax Addition: ITAT

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
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader