Initiation of proceedings u/s 147 based on typographical error unsustainable

ITO Vs Dharmesh Hasmukhbhai Mehta (ITAT Ahmedabad) ITAT Ahmedabad held that a typographical error cannot be a reason to believe that the income of the assessee has escape assessment and hence initiation of proceedings under section 147 of the Income Tax Act is unsustainable. Facts- The assessee in the CO has challenged the validity of the proceedings initiated u/s. 147 of the Act. The necessary facts are that the assessee in the present case is an individual and engaged in the business of trading of Go and Silver Bullion as proprietor under the name and style of M/s Mahalaxmi Jewellers. In the...