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2018 (8) TMI 1874 - AT - Income TaxAccumulation u/s 11(2) denied - Form No.10 was not filed electronically - HELD THAT:- There is no dispute with respect to the fact that the assessee had claimed and was entitled for accumulation of ₹ 1,15,00,000/- u/s 11(2) of the Act , but was denied this claim solely on the ground that Form No.10 was not filed electronically. According to the assessee, attempts were made to upload the same electronically, but due to technical glitches, was unable to do so, and therefore, since it was left with no other option, Form No.10 was filed before the AO manually on 0/09/2015 and receipt thereof was duly acknowledged. The assessee was left with no other option than to file Form No.10 manually with the AO when it became impossible to e file Form 10 electronically due to glitches and had reasonable cause to do so. All above facts are neither controverted nor disputed by Revenue. The ld.CIT(A) has recorded that on verification of all documents filed before him; including the copy of return in ITR-7, Form No.10, Audit in Form 10B, computation of income and annexures thereto he has come to the finding that the crucial information/fact of the amount of accumulation as required in Form No.10 is already captured in the ITR-7. - Decided against revenue.
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