NEERAJ KUMAR AGARWAL ,HYDERABAD vs. INCOME TAX OFFICER, HYDERABAD
In the result, the appeal of the assessee is allowed
ITA 704/HYD/2020[2006-07]Status: DisposedITAT Hyderabad27 Jun 2022AY 2006-07
For Appellant: Sri P. Murali Mohan Rao, C.AFor Respondent: Sri K.P.R.R. Murthy
Section 139(5)Section 154
section 154 of the Income Tax Act, 1961. (e) The Ld. CIT(A) ought to have followed the ratio laid down by the Apex
Court in the case of ITO v. Volkart Brothers and Others, 82 ITR 50 (S.C.) with regard to mistake apparent from record that qualities for an action