Exemption to Provident Fund cannot be denied Merely for filing wrong ITR: ITAT Mumbai

Tata International Limited Provident Fund Vs ITO (ITAT Mumbai) The appeal was filed by the assessee, Tata International Limited Provident Fund, against the order of the Ld. CIT(A) pertaining to an Intimation under Section 143(1) of the Income-tax Act, 1961, for the Assessment Year (A.Y.) 2022-23. The core issue was the denial of exemption under Section 10(25)(ii), which exempts the income of a recognized Provident Fund Trust, solely because the assessee filed its Return of Income (ROI) in Form ITR-7 instead of the correct Form ITR-5. The Centralised Processing Centre (CPC) denied the exemption...