ITAT Allows Charity Exemption Despite Late Form Filings

Goregaon Education Society Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has ruled in favor of Goregaon Education Society, a registered charitable organization, allowing its claim for exemption under Section 11 of the Income-tax Act, 1961, despite the belated electronic filing of Forms 9A and 10. The decision, pertaining to Assessment Year 2017-18, underscores the binding nature of Central Board of Direct Taxes (CBDT) circulars on revenue authorities and provides significant relief to charitable trusts facing similar procedural challenges. The case highlights a r...