https://www.taxtmi.com/caselaws?id=779345 ITAT set aside the CIT(A) order and remanded the matter to the AO for de novo adjudication. The tribunal held the wrong selection of ITR form was a procedural lapse and directed the AO to examine eligibility for exemption under s.10(23C)(iiiad) on merits, allow verifiable admissible expenditures if exemption is denied and compute income in the status of AOP/BOI as returned. ITAT cautioned against invoking s.69C unless there is a reasoned finding that expenditure is unrecorded/unexplained, directed verification of any deficit and carry-forward, and ordered adequate opportunity and a speaking order. en-us Tue, 16 Sep 2025 00:00:00 +0530 Sat, 04 Oct 2025 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779345 ITAT set aside the CIT(A) order and remanded the matter to the AO for de novo adjudication. The tribunal held the wrong selection of ITR form was a procedural lapse and directed the AO to examine eligibility for exemption under s.10(23C)(iiiad) on merits, allow verifiable admissible expenditures if exemption is denied and compute income in the status of AOP/BOI as returned. ITAT cautioned against invoking s.69C unless there is a reasoned finding that expenditure is unrecorded/unexplained, directed verification of any deficit and carry-forward, and ordered adequate opportunity and a speaking order. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779345