claim of exemption

  • Income Tax

AO cannot reject the exemption claim u/s 154 only because in return income was shown as taxable

AO cannot reject the exemption claim u/s 154 only because in return income shown as taxable. There is No estoppel…

5 years ago
  • Income Tax

CIT-A not to reject new claims made first time on the ground that it was not raised before AO. Litigants can also forget vital issues while filing appeal – ITAT

CIT-A not to reject new claims made first time on the ground that it was not raised before AO. Litigants…

7 years ago
  • Income Tax

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

In a recent judgment, ITAT Jaipur while allowing assessee's claim of exemption u/s 11 held that the Supreme Court decision in Goetze…

8 years ago