2021 (8) TMI 1091

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..... nsideration was determined by the Assessing Officer vide an order passed u/s 144 of the Act at ₹ 15,62,97,564/-. However, while computing the tax payable by the assessee in the Income tax computation form attached with the assessment order, the total income of the assessee was wrongly considered by the AO at ₹ 6,00,76,720/- as against the total income of the ₹ 15,62,97,564/- dete .....

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..... ssioner of Income Tax (Appeals) - 17, Kolkata, (hereinafter the ld. CIT(A) ), dt. 15/03/2019, wherein he upheld the order passed by the Assessing Officer u/s 154 of the Income Tax Act, 1961 (the Act ), dt. 28/03/2015. 2. The assessee in the present case is a company which filed its return of income for the year under consideration on 25/09/2012 declaring a loss of ₹ 1,20,152/-. The said .....

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..... income of the assessee company, however, was taken by the Assessing Officer at ₹ 6,00,67,720/- as against the total income of ₹ 15,62,97,564/- determined in the assessment order. After noticing this mistake, an order u/s 154 of the Act was passed by the Assessing Officer on 28/03/2015 determining the tax payable by the assessee with reference to the total income of the assessee at  .....

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..... he same was subsequently rectified u/s. 154 which is in order. Accordingly, the appeal of the appellant is dismissed. Aggrieved by the order of the ld. CIT(A), the assessee has preferred this appeal before the Tribunal. 5. At the time of hearing fixed in this case today before the Tribunal, none has appeared on behalf of the assessee. This appeal of the assessee is, therefore, being dispos .....

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..... in the assessment order. There was thus a clear mistake committed by the Assessing Officer and since the same was apparent from record, we find merit in the contention of the ld. D/R that it was rightly rectified by the Assessing Officer vide an order dt. 28/03/2015 passed u/s 154 of the Act. In that view of the matter, we find no infirmity in the order of the ld. CIT(A) upholding the order of the .....

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