https://www.taxtmi.com/caselaws?id=399390 The Tribunal upheld the invalidation of the returns filed by the assessee for AY 2014-15 and 2015-16 under Section 139(9) of the Income-tax Act, stating that unrectified defects render the returns invalid. Consequently, the exemption granted under Section 10(23C)(iiiab) by the CIT(A) was deemed incorrect due to the invalid returns. The cross objections filed by the assessee were dismissed as irrelevant following the invalidation of the returns. The revenue's appeals were partly allowed, and the assessee's cross objections were dismissed. en-us Wed, 07 Oct 2020 00:00:00 +0530 Fri, 09 Oct 2020 15:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399390 The Tribunal upheld the invalidation of the returns filed by the assessee for AY 2014-15 and 2015-16 under Section 139(9) of the Income-tax Act, stating that unrectified defects render the returns invalid. Consequently, the exemption granted under Section 10(23C)(iiiab) by the CIT(A) was deemed incorrect due to the invalid returns. The cross objections filed by the assessee were dismissed as irrelevant following the invalidation of the returns. The revenue's appeals were partly allowed, and the assessee's cross objections were dismissed. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399390