Arutperum Jothi Arakkattalai vs. The Income Tax Officer

Parties Involved

Facts Summary

The assessee filed its return of income for the impugned assessment year on January 12, 2022, declaring total income at Rs. NIL. The return was processed under section 143(1) of the Income Tax Act, 1961, on August 23, 2022, determining the total income at Rs. 25,30,012/-. The assessee appealed against the order of the Additional/Joint Commissioner of Income Tax (Appeals)-2, Office of the Commissioner of Income Tax, Appeal, Ludhiana, dated 30.03.2024. The sole issue was the denial of the benefit of Section 11 & Section 12 of the Act while processing the return of income under section 143(1) of the Act as Form 10B was not filed within the prescribed time limit.…

Legal Issues

• 1. Denial of the benefit of Section 11 & Section 12 of the Act while processing the return of income under section 143(1) of the Act as Form 10B was not filed within the prescribed time limit.

Judgment Outcome

Decided in favour of Assessee.

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