https://www.taxtmi.com/caselaws?id=435221 The ITAT allowed the appeal, directing authorities to grant the benefit of accumulation u/s 11(2) amounting to Rs. 34,73,760 to the assessee for the assessment year 2016-17. The denial of benefit was deemed based on a technicality and not justified, following the precedent set by the Delhi HC. The rejection of the revised return and Form 10B was not specifically addressed in the judgment, as the focus was on the accumulation benefit. The ITAT emphasized rectification under Section 154 should correct mistakes, even if previously considered, ensuring justice prevails. en-us Mon, 13 Mar 2023 00:00:00 +0530 Tue, 14 Mar 2023 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435221 The ITAT allowed the appeal, directing authorities to grant the benefit of accumulation u/s 11(2) amounting to Rs. 34,73,760 to the assessee for the assessment year 2016-17. The denial of benefit was deemed based on a technicality and not justified, following the precedent set by the Delhi HC. The rejection of the revised return and Form 10B was not specifically addressed in the judgment, as the focus was on the accumulation benefit. The ITAT emphasized rectification under Section 154 should correct mistakes, even if previously considered, ensuring justice prevails. Case-Laws Income Tax Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435221