The Income Tax Appellate Tribunal held that the denial of ...

Tribunal upholds tax exemption for late filing; Department's denial unjustified.

Case Laws Income Tax

November 19, 2024

The Income Tax Appellate Tribunal held that the denial of exemption u/s 10(23C)(iiiab) for late filing of the income tax return beyond the time specified u/s 139(1) or for filing the return u/s 139(4D) instead of Section 139(4C) is not justified. The Tribunal ruled that the Department could not point out any relevant provision that disentitles the assessee from claiming exemption u/s 10(23C)(iiiab) for non-filing or late filing of the return. Consequently, the action of the lower authorities in denying the exemption on these grounds was set aside, and the Assessing Officer was directed to grant the exemption claimed u/s 10(23C)(iiiab). The assessee's appeal was allowed.

View Source

← Previous Next →

The Income Tax Appellate Tribunal held that the denial of ...

Tribunal upholds tax exemption for late filing; Department's denial unjustified.

Case Laws Income Tax

November 19, 2024

You may also like:

The ITAT Delhi held that denial of Foreign Tax Credit (FTC) claim due to late filing of Form 67 after the due date of filing Income Tax Return (ITR) was not justified....

The case involved denial of exemption u/s 11 due to late filing of return. The department argued return must be filed u/s 139(1) to claim exemption u/s 11. An amendment...

The assessee delayed filing the TDS statement, leading to late fees u/s 234E. The Assessing Officer issued an order u/s 200A regarding the late filing. The assessee...

Exemption u/s 11 - benefit denied on delay in filling the audit report - The Appellate Tribunal acknowledged the delay in filing Form 10B but noted that the issue of...

The Appellate Tribunal examined the validity of an order passed u/s 143(3) by the Assessing Officer (AO), which was revised by the Principal Commissioner of Income Tax...

The assessee, a charitable trust enjoying exemption u/s 11 since 1954, was denied exemption by the Assessing Officer during reassessment proceedings on the grounds that...

ITAT held that denial of exemption u/s 11 due to late filing of form 10B was unjustified as the audit report was submitted before intimation u/s 143(1). Lack of mala...

The Appellate Tribunal considered the denial of Foreign Tax Credit (FTC) due to late filing of Form 67. The return of income for AY 2021-22 was filed on 13.10.2021, with...

Appellant paid service tax on entire value of cleaning services, but for remaining services paid tax only on margin money after deducting expenses. Commissioner...

Demand of late fee u/s 47(1) of the CGST / SGST Act - delay in filing of returns - Amnesty Scheme - GST portal does not support payment of late fee for late filing...

Demand of service tax - The appellant argued that it was engaged in the construction of false ceilings and was a sub-contractor for the main contractor, who had...

The ITAT Ahmedabad considered a case involving exemption u/s 11 for a trust with a belatedly filed income return. The tribunal held that the trust, registered u/s 12AA,...

Levy of late fee u/s 234E for the delay in filing E-TDS return - the Appellate Tribunal referred to a judgment of the jurisdictional High Court which held that the levy...

Foreign Tax Credit u/s. 90 - Assessee did not file Form 67 at the time of filing of her return of income - Referring to established case law, the Tribunal affirmed that...

Denial of benefit u/s 115BAA of reduced rate of tax @22% - Domestic Companies - Condonation of delay in filing of Form No. 10-IC by the assessee - The Appellate Tribunal...

Quick Updates: