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ITAT Pune Allows Gratuity Trust Exemption Despite Technical Error in Return
Case Law Details
- Case Name
- Ultra Corpotech P L Employee Group Gratuity Cum Life Assurance Scheme Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
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Ultra Corpotech P L Employee Group Gratuity Cum Life Assurance Scheme Vs ITO (ITAT Pune)
Mistaken Claim u/s 10(23AAA) Instead of 10(25)(iv) – ITAT Restores Matter for Verification- Approved Gratuity Trust Entitled to Exemption – Technical Error in Return Not Fatal
Assessee, a Group Gratuity Trust approved by CIT on 20.09.2013 & later renewed by PCIT (Central), Pune on 14.10.2022 effective from 23.03.2022, had filed return claiming exemption of Rs. 6,51,82,342/-. However, in the return, exemption was mistakenly claimed u/s 10(23AAA) instead of u/s 10(25)(iv).
CPC, in intimation u/s 143...
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