ITAT Grants Section 10(23C)(iiiab) Exemption Despite Late Income Tax Return Filing

Haringhata Mahavidyalay Vs ITO (ITAT Kolkata) ITAT Kolkata Rules Against Denial of Exemption Due to Late Filing of Income Tax Return for Haringhata Mahavidyalay The Income Tax Appellate Tribunal (ITAT) Kolkata recently heard an appeal filed by Haringhata Mahavidyalay challenging the order dated 30th October 2023 issued by the Ld. Commissioner of Income Tax (Appeals) (NFAC), Delhi, under Section 250 of the Income-tax Act, 1961. The primary issue under dispute was whether the exemption under Section 10(23C)(iiiab) of the Act could be denied to the assessee for late filing of the income tax retur...