Rectification u/s 154

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 February 2017 ITR 4 was filed for AY 2016-17. Intimation under Section 143(1) has been received increasing the business income by Rs. 1,00,400/- On examining the reason we found that In the P&L a/c in FORM 4 PDF and in XML file downloaded from the site,an expenditure of Rs.1,00,400 Lac shown as Other Expenses in our P&L Account is being reflected as Nil in the uploaded Form 4 XML and PDF. CPC treated Other Expenses as 0 and increased the business income.
Can this mistake be rectified u/s 154 by correcting error of Other Expenses in P&L A/c by us or will it be treated as making a new claim which cannot be rectified? If we revise return after 143(1) intimation then mostly in such cases CPC does not process Revised Return. Please advice the correct course of action.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 February 2017 It is a mistake apparent from the records. It is not a new claim. There is no change in taxable income filed in the return. Hence file rectification u/s 154.

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