ITAT Restores Exemption Claim Denied U/S 10(23C)(iiiad) to CIT(A); Directs Fair Hearing Opportunity

Sai Shikshan Prasarak Mandal Vs ITO (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune has remanded the case of Sai Shikshan Prasarak Mandal back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh assessment. The appeal, pertaining to Assessment Year 2019-20, challenged the denial of exemption under Section 10(23C)(iiiad) of the Income Tax Act, 1961. The Tribunal first addressed a 33-day delay in filing the appeal. Relying on the Supreme Court’s judgment in Collector, Land Acquisition vs. Mst. Katiji & Ors. (1987) 2 SCC 107, which advocates a liberal approach to cond...