https://www.taxtmi.com/caselaws?id=447448 The Delhi HC upheld the assessee's right to file revised Form No. 10 during reassessment proceedings to claim exemption under Section 11(2). The court noted that the AO made no adverse finding regarding fulfillment of accumulation conditions, and the assessee's failure to file the form initially was due to inadvertent error. Following precedent from Association of Corporation Apex Societies of Handlooms case, the court held that filing Form No. 10 during reassessment is permissible. The revenue's appeal to SC was dismissed as withdrawn due to low tax effect. No substantial question of law arose for consideration. en-us Thu, 07 Dec 2023 00:00:00 +0530 Mon, 25 Dec 2023 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447448 The Delhi HC upheld the assessee's right to file revised Form No. 10 during reassessment proceedings to claim exemption under Section 11(2). The court noted that the AO made no adverse finding regarding fulfillment of accumulation conditions, and the assessee's failure to file the form initially was due to inadvertent error. Following precedent from Association of Corporation Apex Societies of Handlooms case, the court held that filing Form No. 10 during reassessment is permissible. The revenue's appeal to SC was dismissed as withdrawn due to low tax effect. No substantial question of law arose for consideration. Case-Laws Income Tax Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447448