ITAT Lucknow allows Sections 11 & 12 Exemption Despite Clerical Omission in ITR

Bright Land College Vs ITO (Exemption) (ITAT Lucknow) ITAT Lucknow order on Denial of Exemption under Sections 11 and 12 of the Income Tax Act, 1961; Clerical Omission in ITR Filing; Eligibility of Charitable Institution under Section 2(15) Legal Issue: Whether the exemption under Sections 11 and 12 of the Income Tax Act, 1961 can be denied solely on account of an inadvertent omission to report application of income in the prescribed column of the Income Tax Return (ITR), where the assessee is a registered trust under Section 12A and the actual application of income for charitable purposes is ...