https://www.taxtmi.com/caselaws?id=773871 Processing under section 143(1) denied section 11 exemption for non-filling of Part B3 of Schedule Part BTI, but the appellate authority sustained the adjustment on a different ground, namely filing Form 10B instead of Form 10BB. The ITAT held that the appellate authority could not uphold the adjustment on a basis not recorded by the processing authority without first examining the original reason for denial. Noting the CBDT extension condoning delay in filing Form 10BB up to 31 March 2024, the matter was remanded to the CIT(A) for de novo disposal after granting the assessee an opportunity of being heard. en-us Wed, 14 May 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773871 Processing under section 143(1) denied section 11 exemption for non-filling of Part B3 of Schedule Part BTI, but the appellate authority sustained the adjustment on a different ground, namely filing Form 10B instead of Form 10BB. The ITAT held that the appellate authority could not uphold the adjustment on a basis not recorded by the processing authority without first examining the original reason for denial. Noting the CBDT extension condoning delay in filing Form 10BB up to 31 March 2024, the matter was remanded to the CIT(A) for de novo disposal after granting the assessee an opportunity of being heard. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773871