Case Law Details
Case Name : Swift Knit Pvt.Ltd. Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2006-2007
Courts :
All ITAT ITAT Ahmedabad
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Swift Knit Pvt.Ltd. Vs ITO (ITAT Ahmedabad)
Only arguments raised by the ld.counsel for the assessee is that, it was an inadvertent and bona fide mistake while filing the return. Question before us is, how such mistake was committed and how it could be termed as an inadvertent or bona fide mistake. In the case of Price Waterhouse Coopers Pvt. Ltd vs. CIT (supra) a provision for gratuity etc. was made for the regular and adhoc employees. In the audit report, it was pointed by the auditor that provision for adhoc employees was required to be written back. But somehow, while filing the return, ac...
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Author Bio
Land-mark order of the Hon’ble Tribunal. There cannot be better way, other than the way Tribunal has proceeded with, to explain the concept of ‘inadvertent mistake’.