Section 11 Income Accumulation Claim Denied as Form 10 Was Not E-Filed: ITAT Chandigarh

Punjab Municipal Infrastructure Development Company Vs DCIT (ITAT Chandigarh) The appeal before the Income Tax Appellate Tribunal (ITAT), Chandigarh concerned Assessment Year 2016–17 and arose from an order of the Commissioner of Income Tax (Appeals), NFAC dated 25 February 2025 relating to an assessment framed under Section 143(3) of the Income Tax Act on 26 November 2018. During assessment proceedings, the Assessing Officer noted that the assessee had accumulated or set apart funds exceeding 15% of its income. However, the assessee had not electronically filed Form No.10, which is required...