Regarding sec 44af of income tax act

Aneet (PRACTICING CA) (41 Points)

25 May 2012  

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???????