Clerical Error in ITR Cannot Deny Sec 10(23C)(iiiad) Exemption to Educational Society: ITAT Delhi

M D Education Society Vs DCIT (ITAT Delhi)

In M.D. Education Society vs DCIT, the ITAT Delhi allowed the assessee’s appeal holding that exemption u/s 10(23C)(iiiad) cannot be denied merely due to an inadvertent mistake in the return of income. The CPC had denied exemption and treated receipts of ₹49.95 lakh as taxable because the assessee mistakenly selected “No” against the column relating to educational institution eligibility in the ITR.

Please become a Premium member. If you are already a Premium member, login here to access the full content.