ITAT Sets Aside CIT(A) Order for Ignoring Bombay HC Interim Relief on Section 10(23C) Exemption Claim

Advertisement Breach Candy Hospital Trust Vs ACIT (Exemption) (ITAT Mumbai) In a case concerning exemption claims by a charitable hospital trust, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the order passed by the first appellate authority and directed that the appeal be reconsidered only after the final outcome of pending writ petitions before the Hon’ble Bombay High Court. The assessee, a charitable trust registered with the Charity Commissioner, Mumbai and also registered under Section 12A of the Income Tax Act, had applied for approval under Section 10(23C)(...