This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Wrong ITR Section: 10(23C)(iiiad) Exemption Cannot Be Denied Mechanically; Remanded to AO – ITAT Lucknow
Case Law Details
- Case Name
- Balaji Educational Welfare Society Vs Assessing Officer (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Lucknow
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Balaji Educational Welfare Society Vs Assessing Officer (ITAT Lucknow)
Wrong Section Selected in ITR – Exemption u/s 10(23C)(iiiad) Cannot Be Denied Mechanically – Matter Remanded to AO – ITAT Lucknow
In this case, the assessee-society running educational institutions filed its return claiming exemption but mistakenly selected u/s 10(23C)(iv) instead of the correct provision u/s 10(23C)(iiiad). During processing u/s 143(1), CPC disallowed the exemption and made addition of ₹94.27 lakh. Rectification u/s 154 and appeal before CIT(A) were rejected on the grou...
Author Info
