Error in Income Tax Return Must Be Corrected by Revised Return, Not Rectification

Advertisement Vimala Hospital Vs ITO (Exemption) (Kerala High Court) Error in Return Must Be Corrected by Revised Return – Rectification Plea Can’t Substitute Revised Return – No Relief to Charitable Hospital: Kerala HC The appellant, Vimala Hospital, a charitable trust hospital registered u/s 12A, filed return of income for AY 2017-18 declaring nil income after claiming exemption u/s 11. In its return, it erroneously disclosed Rs.10.42 lakh as anonymous donations under Column 22. The CPC processed the return u/s 143(1) &  taxed the said figure as anonymous donations. The app...