Charitable Trust Exemption Allowed as Delay in Form No. 10 Filing cannnot Defeat Genuine Claim

Saraswati Bal Kalyan Nyas Vs ITO (Exemption) (ITAT Indore) The appeal before the Income Tax Appellate Tribunal (ITAT), Indore, arose from an order of the CIT(A)-II, Indore dated 15 February 2018 for Assessment Year 2014-15. The assessee, a society registered under Section 12AA of the Income Tax Act, challenged the rejection of its rectification application and the denial of exemption benefits under Sections 11 and 12. The assessee had filed its e-return on 13 November 2014 declaring nil income. The return was processed under Section 143(1) by the Central Processing Centre (CPC) on 28 February ...