AO not supposed to take advantage of assessee’s ignorance to collect tax more than legitimate tax

Devendra Pai Vs ACIT (Karnataka High Court)

The fact that the assessment order observes regarding exemption under Section 10(10C) of the Act, which indicates that the Assessing Officer was aware of non-claiming of the exemption. If the judgment of the Apex Court in the case of L. HIRDAYPlease become a Premium member. If you are already a Premium member, login here to access the full content.