The case involves a dispute regarding adjustments made u/s ...

Dispute over Income Tax Act adjustments due to Form 10B filing issue. AO's scope limited. CPC made errors. Remanded for review.

August 14, 2024

Case Laws Income Tax AT

The case involves a dispute regarding adjustments made u/s 143(1) of the Income Tax Act due to the denial of exemption u/s 11 for not electronically filing Form 10B. The assessing officer's scope u/s 143(1) is limited to prima facie mistakes apparent from available records. The Central Processing Center (CPC) in Bengaluru made adjustments based on non-electronic filing of Form 10, despite the form being later filed electronically. The issue requires reconsideration by the AO, as seen in similar cases where the Tribunal directed verification of manually filed forms to assess exemption claims. The matter is remanded to the AO for proper consideration, and the appeal by the assessee is partly allowed.

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The case involves a dispute regarding adjustments made u/s ...

Dispute over Income Tax Act adjustments due to Form 10B filing issue. AO's scope limited. CPC made errors. Remanded for review.

August 14, 2024

Case Laws Income Tax AT

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