Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]

Mistakes from typographical error not leading to tax evasion is not unexplained cash credit. ITAT rules

By Aiswarya Krishnadas - On January 17, 2024 11:31 am - 2 mins read

ITAT - Mumbai ITAT Income - Tax Appellate - Tax Evasion - Income Tax - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal observed that Mistakes from typographical error not leading to tax evasion is not unexplained cash credit. The assesse, having filed his income return on 25.07.2016, declared a total income of Rs. 17,02, 174. The return underwent scrutiny, and during the process, the Assessing Officer noted an…

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