Genuine ITR Mistake Cannot Lead to Tax on Wrong Income: ITAT Mumbai

Krishnakant Kishore Palav Vs ITO (ITAT Mumbai) ITAT Gives Salaried Employee Relief: Genuine Return Mistake Deserves Correction, Not Tax on Wrong Income The Mumbai ITAT came to the rescue of a salaried taxpayer, Krishnakant Kishore Palav, holding that a bona fide mistake in the return of income should be examined on merits rather than being rejected on technical grounds of delay. The Tribunal condoned the delay in filing the appeal before the CIT(A) and restored the matter to the Assessing Officer for fresh consideration. The assessee had worked with two employers during FY 2016-17 and earned s...