Case Law Details
Case Name : Pran panda Vs ITO (ITAT Kolkata)
Related Assessment Year : 2021-22
Courts :
All ITAT ITAT Kolkata
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Pran panda Vs ITO (ITAT Kolkata)
ITAT Kolkata held that denial of concessional tax rate benefit under section 115BAC of the Income Tax Act merely for delayed filing of form no. 10IE not justifiable since the substantial justice should not be denied due to technical lapse.
Facts- The assessee filed its return of income for the A.Y. 2021-22 under the provisions of Section 139(1) of the Act, claiming benefit of concessional tax rate u/s 115BAC of the Act. The Central Processing Centre (CPC), Bangalore processed the return but denied the concessional tax rate benefit on the grounds that the assess...
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Whether revenue went to High court