Exemption u/s 10(23B) cannot be Denied for Technical Violation: ITAT Kolkata

Vivekananda Resham Khadi Gramodyog Sangha Vs ACIT (ITAT Kolkata) Introduction: In a recent order by the Income Tax Appellate Tribunal (ITAT) Kolkata, the denial of exemption under section 10(23B) of the Income Tax Act for a mere technical violation has been challenged. This article delves into the background of the case, the ITAT’s decision, and its implications. Background of the Case: The case, titled “Vivekananda Resham Khadi Gramodyog Sangha Vs ACIT,” pertains to an exemption under section 10(23B) of the Income Tax Act. The applicant in this case is a society registered u...