Inadvertently Claimed Tax Exemption u/s 11/12A Instead of 10(23C)(via): ITAT Upholds JCIT(A) Relief as Form 10BB Filed Within Time

The ITAT has upheld the relief granted by the Joint Commissioner of Income Tax (JCIT) to a taxpayer who had "inadvertently claimed tax exemption under Section 11(12A) instead of 10(23C)(via)." The tribunal found that since the taxpayer had filed Form 10BB within the specified time, the mistake in the section could be rectified. This ruling highlights a pragmatic approach by the tribunal, which recognizes that genuine clerical errors should not result in the denial of a valid tax exemption.