https://www.taxtmi.com/caselaws?id=314563 ITAT Kolkata allowed the assessee's appeal regarding rectification under section 154. The educational institution had mistakenly claimed exemption under section 10(23C)(vi) instead of the correct provision 10(23C)(iiiab) in their return. The assessee had consistently claimed exemption under section 10(23C)(iiiab) in previous and subsequent years, which was allowed. Following precedent from ITAT Lucknow in Desh Bharti Public School Samiti case, the tribunal held this was a mistake apparent from record rectifiable under section 154. The CIT(A)'s finding was set aside, directing the AO to allow the claim under the correct provision. en-us Thu, 24 Nov 2022 00:00:00 +0530 Wed, 18 Dec 2024 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314563 ITAT Kolkata allowed the assessee's appeal regarding rectification under section 154. The educational institution had mistakenly claimed exemption under section 10(23C)(vi) instead of the correct provision 10(23C)(iiiab) in their return. The assessee had consistently claimed exemption under section 10(23C)(iiiab) in previous and subsequent years, which was allowed. Following precedent from ITAT Lucknow in Desh Bharti Public School Samiti case, the tribunal held this was a mistake apparent from record rectifiable under section 154. The CIT(A)'s finding was set aside, directing the AO to allow the claim under the correct provision. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314563