Either p&l entries comes under scope of 154 , a mistake by oversight in p&l can be corrected non audited case. Huge demand raised due P&L entries u/s 143(1). AO reject 154 application stating time limit and out of prejudice of section 154.
If time has passed to file 154 then revised your return if you have filled return on time. And I think we can upload new XML in case of rectification of return if there any mistakes in financial statements
CAclubindia
