https://www.taxtmi.com/caselaws?id=456523 The ITAT Kolkata allowed the assessee's claim for long-term capital loss from slump sale u/s 50B despite Form 3CEA not being uploaded with the original return. The assessee mistakenly read Form 3CEB instead of Form 3CEA and later submitted the correct form during assessment proceedings with an auditor's affidavit explaining the error. Following the Hyderabad ITAT precedent in Nhance Engineering Solutions case, the tribunal held that filing the audit report during assessment proceedings is sufficient compliance, as such defects are curable even if not submitted with the original return. en-us Tue, 03 Oct 2023 00:00:00 +0530 Wed, 31 Jul 2024 08:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456523 The ITAT Kolkata allowed the assessee's claim for long-term capital loss from slump sale u/s 50B despite Form 3CEA not being uploaded with the original return. The assessee mistakenly read Form 3CEB instead of Form 3CEA and later submitted the correct form during assessment proceedings with an auditor's affidavit explaining the error. Following the Hyderabad ITAT precedent in Nhance Engineering Solutions case, the tribunal held that filing the audit report during assessment proceedings is sufficient compliance, as such defects are curable even if not submitted with the original return. Case-Laws Income Tax Tue, 03 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456523