Assessee’s Valid Claims Shouldn’t Suffer Due to Ignorance/Mistake: ITAT Chennai

Vivekananda Seva Trust Vs ACIT Exemptions (ITAT Chennai) Introduction: This article discusses the recent ITAT Chennai order concerning Vivekananda Seva Trust’s appeal against the denial of deduction under Section 11 as applicable to a registered charitable trust. The denial was due to inadvertent errors in filling up certain columns in the Income Tax Return forms. Analysis: Vivekananda Seva Trust filed its Income Tax Return using ITR-7, inadvertently filling up a business-related column from Schedule-BP, leading to the denial of the deduction. The CPC processed the return, treating gross...