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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Exemption u/s 11 - disallowing of the amount of accumulation ...


Tax Authority Unjustly Denies 2015-16 Exemption Claim for Late E-Filing of Form-10 Despite Approvals in Later Years.

February 12, 2020

Case Laws     Income Tax     HC

Exemption u/s 11 - disallowing of the amount of accumulation made u/s.11(2) & 11(1)(a) - failure to E-filing of Form-10 in time - since admittedly, the exemption of the kind which the petitioner had sought for is granted for the subsequent Assessment Years, the respondent-authorities are not justified in rejecting petitioner’s claim for exemption for the Assessment Year 2015-16 on the grounds purported in the impugned order.

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