https://www.taxtmi.com/caselaws?id=468545 Under summary processing of a return, absence of registration under section 12AA prevented exemption under section 11, but it did not justify taxing gross receipts without examining the assessee's expenditure claim. The Tribunal accepted that an alternate claim for deduction of expenditure could not be rejected merely because the return contained a technical mistake, and the Assessing Officer was required to verify the expenditure and allow it in accordance with law. Relief was therefore confined to recomputation after considering the expenditure actually claimed, rather than assessment of gross receipts alone. en-us Thu, 13 Feb 2025 00:00:00 +0530 Tue, 12 May 2026 19:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468545 Under summary processing of a return, absence of registration under section 12AA prevented exemption under section 11, but it did not justify taxing gross receipts without examining the assessee's expenditure claim. The Tribunal accepted that an alternate claim for deduction of expenditure could not be rejected merely because the return contained a technical mistake, and the Assessing Officer was required to verify the expenditure and allow it in accordance with law. Relief was therefore confined to recomputation after considering the expenditure actually claimed, rather than assessment of gross receipts alone. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468545