Income cannot be held to be suppressed merely because service tax return was mistakenly filed

Advertisement Analysys Mason India Pvt Ltd Vs ACIT (ITAT Delhi) ITAT Delhi held that difference between service tax return and the revenue was occurred due to the wrong exchange rate applied to export income transaction while filing the service tax return. Hence, mere mistake in the service tax return does not mean that the income of the assessee has been suppressed. Facts- The assessee filed return of income declaring income of Rs.3,40,45,410/- an assessment order came to be passed u/s 143(3) of the Act by making an addition of Rs. 10,52,645/- by adding back the same u/s 28 of the Act. Agg...