Mistake in accepting returned income instead of substituting with assessed income is apparent error rectifiable u/s 154

Vijayaraghavan Lakshmi Vs ACIT (ITAT Hyderabad) ITAT Hyderabad held that when there was an apparent mistake in the order of the AO in accepting the returned income instead of substituting the same with the assessed income there was an apparent error rectifiable under section 154 of the Income Tax Act. Facts- The assessee is an individual and is a professional interior decorator. The case was selected for scrutiny and the AO passed the order u/s. 143(3) on 06.12.2018 wherein he had made addition of Rs. 1,56,71,710/-. Subsequently, a search and seizure operation u/s.132 of the I.T.Act, 1961 was ...