He wrongly showed Rs 9.6 lakh EPF in ITR, taxman added it; ITAT gives full relief

When filing your Income Tax Return it is always prudent to be doubly sure. One mistake in entry led to a taxpayer receiving an income tax notice. The taxpayer erroneously added Rs 9.6 lakh as EPF interest.The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that a Rs 9.6-lakh tax addition cannot be sustained merely because an incorrect entry in an income tax return (ITR) showed the amount as EPF money received by a salaried taxpayer.What the case is about:The ruling came in the case of a taxpayer in Mumbai, who filed his ITR on July 25, 2022, declaring total salary income of Rs 28.25 lakh.An error was made while his ITR was being prepared, resulting in Rs 9.6 lakh being incorrectly reported as exempt income under Section 10(11).