If while filing the return the assessee has erronously specified rate u/ s 44AF @ 50% or some higher rate but paid taxes at normal rate which he usually offers from the last many years @ 12%..but the AO considering the higher rate of 50% issues a demand..
what is the remedy available to the assesse???
any supporting case/ section/notification / circular???????
In that case you have to file a rectification petition u/s 154 of the act with the concerned A.O.
In that you mention the mistake and the subsequent change you want to incorporate.
Regards
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