Form 10B Delay Condoned by HC; Sec 11 Exemption Denial U/s 143(1) Quashed – ITAT Mumbai

Vesava Koli Samaj Shikshan Sanstha Vs ITO (ITAT Mumbai) Delay in Form 10B Condoned by HC – CPC 143(1) Denial of Sec 11 Exemption Set Aside – Matter Restored for Consequential Relief – ITAT Mumbai CPC denied exemption u/s 11 & 12 while processing ROI u/s 143(1) due to delay in filing Form 10B and determined income at ₹2.52 Cr. CIT(A) upheld action relying on rejection of condonation application u/s 119(2)(b). ITAT noted that Hon’ble Bombay HC subsequently quashed rejection order and condoned delay of 181 days holding lapse was inadvertent and technical. Tribunal held that once HC ...