ITAT Mumbai Directs AO to Re-adjudicate Mistake in ITR Filing

Uttam Narayanmal Mehta S K Metal Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai addressed an appeal filed by Uttam Narayanmal Mehta S K Metal against the order of the Ld. Commissioner of Income Tax (Appeal)/National Faceless Appeal Centre, Delhi, concerning Assessment Year 2018-19. The appeal centered on a mistake in the Income Tax Return (ITR) filing, leading to double taxation of profit. The appellant declared income of Rs. 30,53,550/- in the ITR for A.Y 2018-19. However, the CPC enhanced the income to Rs. 62,78,450/-, making an addition of Rs. 32,24,903/- under the hea...