Form no. 10B : Where in audit report (Form No. 10B) so filed, auditors of assessee inadvertently mentioned “No” in Column 3 instead of “Rs. 43.98 lakh” being amount of exemption available to assessee by way of accumulation or set apart for charitable use under second part of section 11(1)(a) and this led Assessing Officer to compute assessee’s total income at Rs. 43.98 lakh and create demand of tax plus interest in intimation under section 143(1), assessee’s claim of exemption under second part of section 11(1)(a) had to be considered by Assessing Officer – Maharana Pratap Social Research and Education Society v. C.P.C. – [2024] 166 taxmann.com 413 (Indore – Trib.)
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