Error in e-filling of Income tax Return can be rectified u/s. 154 application

No penalty levied on Akhilesh yadav for violation of Sec. 269SS, as reasonable cause was exist Posted: 27 Oct 2012 08:18 PM PDT In the instant case, the AO did not dispute the genuineness of the transaction entered into between the assessee and Samajwadi Party and no addition had been made in this regard. Instead of cash, if the assessee had taken loan through cheque, it would have taken some time for process in clearing.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Error in e-filling of Income tax Return can be rectified u/s. 154 application Posted: 27 Oct 2012 07:51 PM PDT In the present system of e-filing of return which is totally depended upon the usage of software, It is possible that some clerical errors may occur at the time of entering the data in the electronic form. The return is prepared electronically which is converted into an XML file either through the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]