Municipal Body’s Section 10(20) Exemption Cannot Be Denied Due to Wrong Claim in Return

Nandurbar Nagar Parishad Vs ITO (ITAT Pune) Municipal Body’s Section 10(20) Exemption Cannot Be Denied Due to Wrong Claim in Return In a significant ruling, the Pune ITAT held that a local authority cannot be denied exemption under section 10(20) merely because it mistakenly claimed a deduction under another provision while filing its return. The Tribunal granted relief to Nandurbar Nagar Parishad and deleted an addition of ₹56.32 crore, observing that the assessee was admittedly a local authority entitled to exemption under section 10(20) and that the mistake in the return was only a proc...