The assessee(firm) in question, e filed his Return of Income for the AY 2007-08. By oversight the Salary and Interest to Partners was not claimed and the return showed the Book profits as the Taxable Income.
However Tax was paid on the Income after deducting the Salary and Interest to Partners.
Is this a mistake apparent on record?
Can the assessee file an application for Rectification u/s 154 to amend the order passed u/s 143(1) wherein the Book profits are shown as the Taxable profits ???
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