Delay in Filing Form 9A & Return Should Be Considered for Condonation; Matter Remanded for Fresh Examination

S.B. Manghnani Charitable Trust Vs ITO (ITAT Bangalore) Delay in Filing Form 9A & Return Should Be Considered for Condonation; Matter Remanded for Fresh Examination The assessee, a charitable trust registered under the Act, filed its return declaring nil income after claiming exemption u/s 11. During assessment, the AO denied exemption u/s 11(2) mainly on the ground that Form 9A and the return of income were filed belatedly, and the CIT(E) had refused to condone the delay in filing Form 9A. The AO also disallowed depreciation relying on Section 11(6). Before the Tribunal, the assessee cont...