ITAT Allows Sikkimese Exemption Despite Wrong PAN

Chandra Sales Agency Vs ACIT (ITAT Kolkata)

In a significant judgment, the Income Tax Appellate Tribunal (ITAT) in Kolkata has allowed a Sikkimese resident proprietor to claim an income tax exemption under Section 10(26AAA) of the Income Tax Act, 1961. The tribunal’s ruling in the case of Chandra Sales Agency Vs ACIT overruled the Assessing Officer’s (AO) and the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision, which had denied the claim on the technicality of an incorrect PAN being used.

The case originated from an assess

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