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 i

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