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Income Tax - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Benefit of exemption u/s 11/12 - Effective date of grant of ...


Tax Exemption Granted After Appeal: ITAT Directs Review for 2016-17 and 2017-18 Following Initial Denial.

February 14, 2024

Case Laws     Income Tax     AT

Benefit of exemption u/s 11/12 - Effective date of grant of registration u/s 12A - Initially application was rejected by CIT(E), but the same was approval on the direction of ITAT w.e.f. 1.4.2017 - Assessee claimed the exemption u/s 11/12 for preceding AY 2016-17 and 2017-18 also - ITAT directed the AO for carrying out verification of fulfillment of condition (iii) discussed above and if that is held to be satisfied, to verify and allow exemption u/s 11/12.

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