ITAT Allowed Exemption not claimed in ITR filed due to Inadvertence

Max Life Insurance Company Ltd. Vs ACIT (ITAT Delhi)

The issue under consideration is whether the additional ground submitted by the assessee should be allowed by the tribunal by considering that the assessee has not claimed exemption in the return filed due to inadvertence?

ITAT states that, on the grounds inter alia that the assessee is entitled to avail exemption u/s 10(34) of the Act in respect of dividend income earned; that due to inadvertence, the assessee could not

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