https://www.taxtmi.com/caselaws?id=784212 Whether an assessee, already approved for exemption under s.10(23C)(iv) for the relevant block of years, could be denied exemption at processing under s.143(1) merely because it mistakenly claimed exemption under s.10(46). The Tribunal held that an inadvertent, bona fide error in selecting the exemption provision cannot defeat a legitimate statutory claim, relying on the principle that omission or wrong claim in the return can be corrected where entitlement exists in law, and noting that approval under s.10(23C)(iv) was in force. Accordingly, the denial of exemption was unsustainable and the appellate order granting exemption under s.10(23C)(iv) was upheld; the Revenue's appeal was dismissed. en-us Fri, 24 Oct 2025 00:00:00 +0530 Mon, 29 Dec 2025 12:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784212 Whether an assessee, already approved for exemption under s.10(23C)(iv) for the relevant block of years, could be denied exemption at processing under s.143(1) merely because it mistakenly claimed exemption under s.10(46). The Tribunal held that an inadvertent, bona fide error in selecting the exemption provision cannot defeat a legitimate statutory claim, relying on the principle that omission or wrong claim in the return can be corrected where entitlement exists in law, and noting that approval under s.10(23C)(iv) was in force. Accordingly, the denial of exemption was unsustainable and the appellate order granting exemption under s.10(23C)(iv) was upheld; the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 24 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784212