Assessee cannot be held accountable for Client Code Modification Error by Broker

Ketan M. Chalishazar HUF Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, recently passed a verdict in favour of Ketan M. Chalishazar HUF in a case against the Income Tax Officer (ITO). The case revolved around a modification error in the client code during a share transaction executed by the assessee’s broker. The ITAT examined the fact that the client code modification was a mistake committed by the assessee’s broker. The appellant argued that it was an inadvertent error, and the code for an individual was entered instead of that for a Hindu Undivided ...