ITAT Pune Allows Gratuity Trust Exemption Despite Technical Error in Return

Ultra Corpotech P L Employee Group Gratuity Cum Life Assurance Scheme Vs ITO (ITAT Pune) Mistaken Claim u/s 10(23AAA) Instead of 10(25)(iv) – ITAT Restores Matter for Verification- Approved Gratuity Trust Entitled to Exemption – Technical Error in Return Not Fatal Assessee, a Group Gratuity Trust approved by CIT on 20.09.2013 & later renewed by PCIT (Central), Pune on 14.10.2022 effective from 23.03.2022, had filed return claiming exemption of Rs. 6,51,82,342/-. However, in the return, exemption was mistakenly claimed u/s 10(23AAA) instead of u/s 10(25)(iv). CPC, in intimation u/s 143...