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CPC Cannot Deny Section 10(23C)(iiiad) Exemption via Section 143(1) Adjustments ITAT Bangalore
Case Law Details
- Case Name
- Shivaganga Yoga Centre Vs ITO (Exemptions) (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Bangalore
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Shivaganga Yoga Centre Vs ITO (Exemptions) (ITAT Bangalore)
Clerical Drop-Down Lapse Can’t Kill Exemption: ITAT Allows 10(23C)(iiiad) Claim, Quashes CPC Adjustment
The Bangalore SMC Bench of the ITAT allowed the appeal of a charitable trust and held that denial of exemption u/s 10(23C)(iiiad) merely for non-selection of a drop-down option / non-filing of Schedule IE-4 is unsustainable, as the issue is debatable and beyond the scope of adjustment u/s 143(1).
The Assessee, running a Yoga Centre, filed its return within the due date claiming exemption of ₹8.82 lakh u/s 10(23C)(iiiad). CPC, wh...
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