https://www.taxtmi.com/caselaws?id=761871 A statutory exemption cannot be denied merely because the return was not filed, or was filed late, within the time prescribed under section 139(1), where the Act does not make timely filing a condition for the benefit. A return filed in the wrong form also does not by itself disentitle the assessee from claiming exemption, if the substantive eligibility is otherwise satisfied. The operative principle is that procedural defects in filing cannot override an exemption claim unless the statute expressly links compliance with the exemption. On that reasoning, the exemption under section 10(23C)(iiiab) was held to remain available. en-us Tue, 01 Oct 2024 00:00:00 +0530 Tue, 19 Nov 2024 08:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761871 A statutory exemption cannot be denied merely because the return was not filed, or was filed late, within the time prescribed under section 139(1), where the Act does not make timely filing a condition for the benefit. A return filed in the wrong form also does not by itself disentitle the assessee from claiming exemption, if the substantive eligibility is otherwise satisfied. The operative principle is that procedural defects in filing cannot override an exemption claim unless the statute expressly links compliance with the exemption. On that reasoning, the exemption under section 10(23C)(iiiab) was held to remain available. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761871