2024 (6) TMI 462

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....of CPC Bangalore u/s. 154 of the Income Tax Act, 1961 (hereinafter referred to as "the Act") in relation to the Assessment Year (AY)2018-19. Facts of the case: 2. The brief facts of the case are that the assessee filed its return of income for the AY 2018-19 and claimed exemption under section 10(23C)(vi) of the Act, 1961. However, due to a clerical error, the income was disclosed under the column for "Income from Other Sources" instead of the appropriate section in the return of income in form ITR 7. 2.1. The CPC processed the return of income u/s. 143(1) of the Act disallowing the exemption u/s. 10(23C)(vi) of the Act. The assessee filed rectification application u/s. 154 of the Act with CPC and CPC processed the same without tak....

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....s, On the facts and in the circumstances of the case and in law, the Ld. CIT(A), NFAC has erred in concluding that the original return filed by the appellant was a belated return. Ld. CIT(A), NFAC has ignored the extension of due dates by Ld. CBDT for A.Y.2018- 19. 4. The Appellant reserves the right to add, amend, replace or delete any grounds of Appeal before conclusion of the appeal. 5. (5) The Appellant prays to quash the order of Ld CIT(A), NFAC and allow the eligibility of application for rectification u/s. 154 filed by the Appellant." On the grounds of appeal: 5. The Ld.Authorised Representative (AR) for the assessee, contended that the Ld.CIT(A) erred in not adjudicating the merits of the case and that the or....