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Income Tax - Highlights / Catch Notes

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Rectification u/s 154 - return filled treated as inconsistent ...


Taxpayer's Return Deemed Invalid u/s 139(9); Seeks Reconsideration for Exemption Claim u/s 11.

August 5, 2022

Case Laws     Income Tax     AT

Rectification u/s 154 - return filled treated as inconsistent and defective u/s. 139(9) - We find the order of CIT(A) in confirming the order of AO in treating the return of income as invalid, made the assessee remediless and there is no option to claim exemption u/s. 11 - we find force in the arguments of the ld. AR that the assessee shall get an opportunity to file details of investments/deposits before the AO. - AT

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