Mere System Error is no basis for Disallowance: ITAT allows full Deduction to Assessee u/s 10AA after Re-computation by AO [Read Order]

Mere system error is no basis for disallowance - ITAT allows full deduction - re - computation by AO -TAXSCAN

The Chennai bench of the Income Tax Appellate Trinbunal (ITAT) held that the credit of advance tax and TDS credit would be allowable to the assessee and those entities have not claimed the credit thereof. The assessee submitted that the shortfall in deduction under Section 10AA of the Income-tax Act, 1961 amounting to INR 293,57,39,088…

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