ACIT, CHENNAI vs. CARBORUNDUM UNIVERSAL LIMITED, CHENNAI

The ld.counsel for the assessee has intimated us vide letter dated 14.05.2024, that in the Tribunal’s order dated 10.05.2024, in Tribunal in Para 5 at page 7 has wrongly mentioned as ‘In case, the assessee has included this income in assessment year 2008-09, the AO will consequently add this income in assessment year 2004-05’ instead of ‘the AO will consequently delete the addition/disallowance in assessment year 2004-05’.

On perusing the order of the Tribunal dated 10.05.2024, we find the submission of the ld.counsel for the assessee assessee is correct. Accordingly the para 5 at page 7 is hereby corrected and shall be read as follows:- “In case, the assessee has included this income in assessment year 2008-09, the AO will consequently delete the addition / disallowance in assessment year 2004-05.”