Exemption u/s 10(10B) not claimed in return, can be claimed before CIT(A) or ITAT
November 29, 2024
Income Tax, ITAT
Claim for exemption u/s 10(10B) though not claimed in return, can be raised during proceedings before CIT(A) or the Tribunal. In a recent judgment, the ITAT Chandigarh has held that claim for exemption u/s 10(10B) for compensation received on forced retrenchmen, though not claimed in return, being a …