Exemption cannot be denied merely for claim under wrong section

Brief of the case

ITAT Chennai in the case of Annam  Software Pvt. Ltd. vs. CIT held that Exemption cannot be denied merely for claiming the exemption under section 10B  instead of Section 10A.  Tribunal remanded matter back to A.O. to consider the case on merits.

Facts of the case

• The assessee filed return of income , claiming deduction under section 10B of the Act.
• The A.O. denied assesse’s claim taking a view that

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