ITAT Directs CIT(E) to Consider Form 10AB Application on Merits Despite Error in Clause Selection

Sri Ramajayam Educational Trust Vs CIT (Exemption) (ITAT Chennai)

ITAT Chennai addressed an appeal by Sri Ramajayam Educational Trust regarding the rejection of its Form 10AB application for approval under Section 10(23C) of the Income Tax Act, 1961. The CIT(E) rejected the application on 27.06.2024, stating that the trust should have applied under clause (iii) instead of clause (ii) of the first proviso to Section 10(23C). The Tribunal observed that the rejection was based solely on a technical error, as the trust had already obtained provisional approval for AY 2024-25 to AY 2026

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