CBDT Delay Can’t Defeat Exemption Claim: ITAT Revives Section 10(46) Relief for Maharashtra Fee Regulator

Fees Regulating Authority Vs ACIT (Exemption) (ITAT Mumbai) CBDT Delay Can’t Defeat Exemption Claim: ITAT Revives Section 10(46) Relief for Maharashtra Fee Regulator The Mumbai ITAT granted major relief to the Fees Regulating Authority, Maharashtra, by restoring the issue of taxability back to the AO after noting that its application for exemption under Section 10(46) has been pending before the CBDT for years. The Authority, constituted under the Maharashtra Unaided Private Professional Educational Institutions Act, 2015, had claimed exemption under Section 10(46) as a statutory body create...