Charitable Organization not to be deprived of section 11 exemption for Technical Lapses

Bhutakia Bhimasar Vs PCIT (ITAT Ahmedabad) Introduction: The Income Tax Appellate Tribunal (ITAT) in Ahmedabad has made a significant decision in the Bhutakia Bhimasar Vs Principal Commissioner of Income Tax (PCIT) case. The Tribunal stressed that a charitable organization should not be deprived of tax exemption benefits under section 11 of the Income Tax Act 1961, solely due to technical lapses. Analysis: The ITAT, while condoning an extraordinary delay in filing the appeal, considered the merits of the case rather than dismissing it on the grounds of technicalities. Drawing guidance from the...