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2019 (3) TMI 1912 - AT - Income TaxExemption u/s 11 or u/s 10(23C)(iiid) - assessee was not registered u/s 12A - gross receipt of the assessee was less than Rupees One Crore - HELD THAT:- Assessee by mistake had claimed exemption u/s 11 of the Act to which it was not entitled as it was not registered u/s 12AA of the Act but the assessee was eligible to avail exemption u/s 10(23C)(iiid) of the Act as the gross receipts of the assessee is less than Rupees One Crore. The basic exemption limit has also not been considered in the case of the assessee and tax has been calculated on the gross receipts which is not justified. Therefore, we deem it appropriate to remit the issue back to the file of Assessing Officer who should look into the issue and should pass appropriate order after considering the eligibility of the assessee u/s 10(23C(iiid) of the Act - Appeal of the assessee stands allowed for statistical purposes.
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