NESCO EMPLOYEES GRATUITY FUND TRUST,BALASORE vs. ITO, WARD-1, BALASORE, BALASORE
ITA 159/CTK/2025[2016-17]Status: DisposedITAT Cuttack16 Jul 2025AY 2016-17
For Appellant: Shri Nihar Ranjan Biswal, ARFor Respondent: Shri S.C.Mohanty, Sr.DR
Section 10Section 10(24)Section 139(1)Section 143(1)Section 143(1)(a)Section 154Section 250
TDS. The CPC processed the return u/s
143(1) of the Act on 02.01.2018 and disallowed the claim of exemption and
raised a demand. Against the intimation, a rectification application u/s 154
was filed on behalf of the assessee by its authorized representative on
24.08.2023 stating therein that the trust was eligible for exemption and that
it was claimed wrongly
