A senior citizen from Gurugram mistakenly reported ₹25.42 lakh of tax-exempt bond interest as taxable income, resulting in excess tax of ₹9.91 lakh. After the assessing officer rejected his rectification plea, the ITAT directed that the income be treated as exempt and the refund granted.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.