CPC Cannot Change AOP Status to Co-operative Society in ITR Processing: ITAT Ahmedabad

Kailash Appartment Flat Owners Association Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, allowed the appeal filed by an apartment owners association against the order of the Addl./Joint Commissioner of Income Tax (Appeal), Panaji, relating to Assessment Year 2022-23. The assessee had filed its return declaring income of Rs. 1,87,110 and claimed its status as an AOP/BOI. Since the income was below the taxable limit applicable to that status, no tax liability arose. While processing the return under Section 143(1) of the Income Tax Act on 16.03.2023, the Centralize...