Granting exemption not claimed in return of income-Reservation of Supreme Court in Goetze India Ltd case is applicable to AO not to appellate authority
April 5, 2016
Income Tax, ITAT, Judgments
In a recent judgment, ITAT Jaipur while allowing assessee’s claim of exemption u/s 11 held that the Supreme Court decision in Goetze India Ltd. vs. CIT that assessee was not entitled to claim exemption which was not made in the return was applicable to AO and not to the appellate authority. Case …