Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (10) TMI 624 - ITAT, NEW DELHIExemption u/s 10B - Since, in the present year, the assessee is eligible for deduction u/s 10B and not u/s 10A and by mistake, the assessee claimed deduction u/s 10A but instead of that, the assessee should be allowed u/s 10B of the Act - It was also submitted that the amount of deduction to be allowable to the assessee will remain the same even u/s 10B - Therefore, merely because the claim was made under the wrong section, the claim of the assessee should not be rejected if it is found that otherwise, the assessee is eligible for deduction u/s 10B - Hence, set aside the order of the Ld CIT(A) on this issue and restore back the entire matter to the file of the Assessing Officer for a fresh decision after examining the claim of the assessee as to whether the assessee is eligible for deduction u/s 10B - Appeal filed by the assessee stand allowed for statistical purposes.
|