Case Law Analysis
|Income Tax Appellate Tribunal
Section 11/12 IT Act | Inadvertent Misplacement of Foreign Contribution in Return Schedule Does Not Invalidate Exemption Claim : ITAT Delhi
ITAT Delhi rules that bona fide disclosure of foreign contributions under Sections 11/12 of the Income Tax Act cannot be invalidated merely due to clerical errors in return schedules. The tribunal deleted a Rs. 10.3 lakh addition, reinforcing that inadvertent misplacement does not negate substantive compliance, provided the income is duly accounted for in books and computation.