https://www.taxtmi.com/caselaws?id=449456 ITAT Indore held that where assessee filed first return but failed to submit ITR-V within 120 days, making it invalid and deemed never filed, the CPC erred in processing this invalid return under section 143(1) and denying exemption under section 10(23C)(iiiad). Since assessee had filed valid second belated return under section 139(4) available in departmental database at time of processing, CPC should have considered the valid return. Orders under sections 154 and 143(1) set aside, matter remanded to AO for fresh examination of exemption claim with proper hearing opportunity. Appeal allowed. en-us Fri, 09 Feb 2024 00:00:00 +0530 Mon, 12 Feb 2024 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449456 ITAT Indore held that where assessee filed first return but failed to submit ITR-V within 120 days, making it invalid and deemed never filed, the CPC erred in processing this invalid return under section 143(1) and denying exemption under section 10(23C)(iiiad). Since assessee had filed valid second belated return under section 139(4) available in departmental database at time of processing, CPC should have considered the valid return. Orders under sections 154 and 143(1) set aside, matter remanded to AO for fresh examination of exemption claim with proper hearing opportunity. Appeal allowed. Case-Laws Income Tax Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449456