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Vide (2021] 432 ITR 201 (Kar) any clerical or typographical error or omission in the return of income, assessment, notice, summons or other proceedings shall not invalidate the proceedings on the basis of provisions of section 292B.
In this case, the AO initiated penalty under section 221 of the Act in AY 2007-08 but actually levied for AY 2008-09 instead of AY 2007-08 which mistake according to the Court can’t be corrected as 292B of the Act which provides protection against only clerical error or accidental omissions.

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