https://www.taxtmi.com/caselaws?id=757032 ITAT Bangalore ruled in favor of assessee regarding section 11 exemption denial due to non-electronic filing of Form 10B. The assessee had filed Form 10B electronically after initial omission and sought rectification under section 154. The Tribunal held that CPC's adjustment under section 143(1) was improper as the scope is limited to prima facie mistakes apparent from records. Since Form 10B was subsequently available electronically, the AO should have considered it under section 154. Following precedents from Mumbai ITAT, the matter was remanded to AO for verification of Form 10B and reconsideration of section 11 exemption claim. Appeal partly allowed for statistical purposes. en-us Wed, 31 Jan 2024 00:00:00 +0530 Tue, 13 Aug 2024 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757032 ITAT Bangalore ruled in favor of assessee regarding section 11 exemption denial due to non-electronic filing of Form 10B. The assessee had filed Form 10B electronically after initial omission and sought rectification under section 154. The Tribunal held that CPC's adjustment under section 143(1) was improper as the scope is limited to prima facie mistakes apparent from records. Since Form 10B was subsequently available electronically, the AO should have considered it under section 154. Following precedents from Mumbai ITAT, the matter was remanded to AO for verification of Form 10B and reconsideration of section 11 exemption claim. Appeal partly allowed for statistical purposes. Case-Laws Income Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757032