ITAT Pune Allows Belated Form 3CFA Filing for 115BBF Benefit

Ramesh Shankarrao Wagh Vs Jurisdictional Officer (ITAT Pune) The Income Tax Appellate Tribunal (ITAT) Pune Bench has remitted the case of Ramesh Shankarrao Wagh back to the Assessing Officer for a fresh assessment regarding a claim for special tax rates on patent income under Section 115BBF of the Income Tax Act, 1961. The assessee’s appeal challenged the initial disallowance of this benefit due to the belated filing of Form 3CFA. The dispute arose after the Centralised Processing Center (CPC) processed Wagh’s return for Assessment Year 2020-21, denying the Section 115BBF claim bec...