This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 11 & 12 Exemption cannot Be Denied Merely for Late Form 10B, Corpus Donations Exemption Cannot Be Denied Without Hearing
Case Law Details
- Case Name
- Tirupur Vision Rotary Trust Vs ACIT (Exemptions) (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Tirupur Vision Rotary Trust Vs ACIT (Exemptions) (ITAT Chennai)
Exemption Under Section 11 & 12 Not to Be Denied Merely for Late Form 10B – Matter Sent Back- Corpus Donations & 11/12 Benefits to be Re-Examined
The dispute concerned denial of exemption on corpus donations & disallowance of benefits u/ss 11 & 12 due to late filing of audit report.
The Trust filed return at Nil after claiming exemption of ₹12,84,457. CPC, while processing u/s 143(1), disallowed corpus donations of ₹29,57,595 & denied exemption u/ss 11 & 12, citing delay in filing Form 10B. The Addl. ...
Author Info
