Form 10B Delay Condoned by HC; Sec 11 Exemption Denial U/s 143(1) Quashed – ITAT Mumbai

Vesava Koli Samaj Shikshan Sanstha Vs ITO (ITAT Mumbai)

Delay in Form 10B Condoned by HC – CPC 143(1) Denial of Sec 11 Exemption Set Aside – Matter Restored for Consequential Relief – ITAT Mumbai

CPC denied exemption u/s 11 & 12 while processing ROI u/s 143(1) due to delay in filing Form 10B and determined income at ₹2.52 Cr. CIT(A) upheld action relying on rejection of condonation application u/s 119(2)(b).

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