https://www.taxtmi.com/caselaws?id=793488 A local authority's exemption under section 10(20) could not be denied merely because the original return wrongly claimed a deduction under section 57 instead of the exemption. The Tribunal noted that the assessee had been accepted as a local authority in earlier and later years, the exemption had been allowed in regular assessments for other years, and the relevant audited accounts and supporting details were before the Assessing Officer. The requirement of a revised return could not defeat substantive entitlement established on the record, so the addition was deleted. en-us Mon, 15 Jun 2026 00:00:00 +0530 Wed, 17 Jun 2026 07:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793488 A local authority's exemption under section 10(20) could not be denied merely because the original return wrongly claimed a deduction under section 57 instead of the exemption. The Tribunal noted that the assessee had been accepted as a local authority in earlier and later years, the exemption had been allowed in regular assessments for other years, and the relevant audited accounts and supporting details were before the Assessing Officer. The requirement of a revised return could not defeat substantive entitlement established on the record, so the addition was deleted. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793488