Dept admits system error in ITR processing & agreed to rectify mistake of 4.57 Crore

Jyoti Builders Vs. Additional/Joint/Deputy/Assistant Commissioner of Income Tax & Anr. (Bombay High Court) The petitioner inter alia challenges the order of Assessment dated 23rd September 2022 under Section 143(3) r/w Section 144B of the Income Tax Act (“The Act”), for the Assessment Year 2020-21. The Assessing Officer in the order of Assessment had determined the gross total income of the petitioner at Rs.4,57,18,304/- and the amount of tax payable was determined at Rs.87,48,804/-. 2. The petitioner questioned this figure of Rs.4,57,18,304/- as there was no basis for arriving at the ...