Mere Mistake in Service Tax Return does not Mean Income of Assessee has been Suppressed: ITAT Quashes Income Tax Addition [Read Order]

By Ipsita Das - On June 21, 2023 10:16 am - 2 mins read

Mere Mistake - Service Tax Return - Income of Assessee - Suppressed - ITAT - Income Tax Addition - Taxscan

Quashing the Income Tax addition,the Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the difference of service tax return and the revenue that occured due to the wrong exchange rates applied to export income transaction while filing the service tax return is a ‘mere mistake’ and not ‘suppression of income’ by the assessee….

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