ITAT Directs Re-adjudication for Belated Return Without Form No.10B

ITO Vs Papathiyammal Pitchai Educational Trust (ITAT Chennai) Introduction: The appeal by the Revenue against the order of the CIT(A) in the ITO vs. Papathiyammal Pitchai Educational Trust case for AY 2020-21 involves a dispute regarding the denial of benefits under Section 11 of the Income Tax Act, 1961. The case centers on the timely filing of returns, eligibility conditions, and the impact of the Res Judicata principle. Detailed Analysis: Grounds Raised: The Revenue challenges the CIT(A)’s decision, arguing that each assessment year is distinct, requiring a fresh evaluation. The CIT...