https://www.taxtmi.com/caselaws?id=777075 ITAT held that although approval under s.10(23C) was valid, the assessee had consciously claimed exemption under s.11 r.w.s.12A during assessment and could not be granted s.10(23C) relief post-assessment; CIT(A) erred in granting that benefit and in accepting the assessee's lower quantification without AO verification. The tribunal set aside the CIT(A) order and restored the issue to the AO to recompute the addition (original and contested figures considered) in accordance with law after affording the assessee a reasonable opportunity. en-us Fri, 07 Feb 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777075 ITAT held that although approval under s.10(23C) was valid, the assessee had consciously claimed exemption under s.11 r.w.s.12A during assessment and could not be granted s.10(23C) relief post-assessment; CIT(A) erred in granting that benefit and in accepting the assessee's lower quantification without AO verification. The tribunal set aside the CIT(A) order and restored the issue to the AO to recompute the addition (original and contested figures considered) in accordance with law after affording the assessee a reasonable opportunity. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777075