Assessee can claim section 10A exemption on section 10B exemption denial

Krythium Solutions Private Limited Vs ACIT (ITAT Cochin)

The issue under consideration is whether claiming deduction u/s 10A of the Income Tax Act through filing revised return is justified in law?

ITAT states that the CBDT Circular No.14 (XL-35) dated 11.04.1955 has clarified that the revenue shall not take advantage of ignorance of the assessee and the A.O. shall assist the tax payer for claiming of his legitimate allowance / disallowance. As mentioned earlier, deduction

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