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ITAT allowed the assessee's appeal regarding disallowance of exemption under section 10(25)(ii). The AO had rejected the assessee's rectification application under section 154, reasoning that no exemption was claimed in the ITR and the assessee lacked section 12A registration. The ITAT held that an undisputedly admissible claim cannot be denied merely due to incorrect ITR column completion. Following the Delhi Policy Group precedent, the Tribunal ruled that where an assessee seeks rectification of inadvertent ITR mistakes rather than fresh exemption claims, the AO cannot deny legitimate benefits. The ITAT emphasized that procedural errors in form-filling should not override substantive entitlements when the underlying claim remains valid and admissible under the relevant provisions.
ITAT allowed the assessee's appeal regarding disallowance of exemption under section 10(25)(ii). The AO had rejected the assessee's rectification application under section 154, reasoning that no exemption was claimed in the ITR and the assessee lacked section 12A registration. The ITAT held that an undisputedly admissible claim cannot be denied merely due to incorrect ITR column completion. Following the Delhi Policy Group precedent, the Tribunal ruled that where an assessee seeks rectification of inadvertent ITR mistakes rather than fresh exemption claims, the AO cannot deny legitimate benefits. The ITAT emphasized that procedural errors in form-filling should not override substantive entitlements when the underlying claim remains valid and admissible under the relevant provisions.
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