inadvertent mistake by assessee in filing of Return of Income Tax will not lead to disallowance

Facts of the case show that the assessee filed return of income declaring net income of Rs. 24,14,640/- electronically on 21.10.2007. The return was processed u/s. 143(1) of the I.T. Act. The assessee noticed that credit for advance tax of Rs. 1,10,000/- and TDS of Rs. 5,38,560/- was not allowed to the assessee. The assessee moved an application u/s. 154 of the Act dt. 21.7.2010. The AO allowed credit for advance tax of Rs. 1,10,000/- but declined credit for the TDS for Rs. 5,38,560/- received from M/s. Prathiba Shipping Company.

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