ITAT Chennai Orders Fresh Assessment in Form 10BB Delay Case

Pachiyamman Ethirajammal Rajam Mudaliyandan Educational Trust Vs ITO (ITAT Chennai) Income Tax Appellate Tribunal (ITAT) Chennai has set aside the assessment order denying tax exemption to Pachiyamman Ethirajammal Rajam Mudaliyandan Educational Trust due to a delay in filing Form 10BB. The case involved a charitable trust running educational institutions, which had filed its income tax return for AY 2017-18, claiming exemption under Section 10(23C)(vi) of the Income Tax Act. However, the assessing officer rejected the exemption, citing the late submission of Form 10BB on December 4, 2019, inst...