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APMC Gets Full Exemption – ITAT Condones Delay & Quashes Assessments Despite PAN Error
Case Law Details
- Case Name
- Agricultural Produce Marketing Committee Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Bangalore
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Agricultural Produce Marketing Committee Vs ITO (ITAT Bangalore)
The assessee, an Agricultural Produce Marketing Committee (APMC), faced reassessment and taxation on cash deposits across multiple years (AYs 2015–16, 2016–17, 2018–19, 2019–20). The CIT(A) had dismissed appeals solely on delay (84 days) without condoning it.
The ITAT Bangalore held that the delay was justified, considering the peculiar situation where the assessee’s PAN was wrongly classified as a trust, making it impossible to file returns correctly or claim exemption under Section 10(26AAB). The Trib...
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