Applicability of section 292B of IT Act in case return contains any mistake, defect or omission

The question of application of section 292B cannot be prejudged by finding that return, notice, etc. is not as per the requirement of the statute and is/are invalid; the finding that the return or notice etc. is invalid or to what extent it is invalid is unnecessary and counter productive; if in substance and in effect return, notice or assessment is in conformity with or according to intent and purpose of the Act, the mistake defect or omission is to be ignored as per the underlining philosophy of section 292B. IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES ‘L’ MUMBAI I T A No: 3...