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Intimation143(1)

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(Querist)
25 December 2021 Intimation u/s 143(1) has been received. Tax is calculated @ 30%. However The company is liable for Tax @ 22% u/s 115BAA. Now in the said intimation taxable income has been revised and tax payable is calculated @ 30%. Revision in Income is correct.
Because of difference in tax rates demand is raised.
My question is whether the above mistake in tax rate can be rectified u/s 154 of the I T Act
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 December 2021 Yes, it can be rectified under section 154.
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MAKARAND DAMLE

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MAKARAND DAMLE (Querist)
29 December 2021 Actually Form 10-IC is not filed
In such a case what needs to be done ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 December 2021 In such a case rectification can't be filed.
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