Rectification under 154

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hema (Querist)
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06 February 2015 An assessee has recieved demand notice for the A.Y 2008-09. Demand is raised agianst assessee because assessee has claimed exemption u/s 24(b) for housing loan interest for self occupied propety, but wrongly disclosed in the column of losses carried forword. Now can assessee file 154 against this mistake. I doubt because it is mistake of assessee not of dept.

Please suggest if anything possible in this case.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 February 2015 Assesse has rightly calculated the tax and paid it. Due to error in filing up the form the dept made a mistake in calculation which can be sought to be rectified u/s 154.

hema

hema (Querist)
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06 February 2015 no mistake is not done by dept.if it is mistake of dept then there is no doubt about 154. But it is mistake of assesee

In this case can rectification under 154 possible

Rupesh Jain

Rupesh Jain (Expert)
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06 February 2015 yes you can rectified the error...............

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