https://www.taxtmi.com/caselaws?id=426281 The Tribunal allowed the Assessee's appeal, overturning the disallowance of exemption under sections 11/12 of the Income Tax Act. The delay in filing the appeal was condoned due to a COVID-19 related extension. The Assessee, a charitable trust, claimed exemption based on the proviso to section 12A(2) and a CBDT circular. The CIT(A) confirmed the disallowance due to non-electronic filing of the audit report, but the Tribunal emphasized substantial compliance with procedural requirements. The Tribunal directed the AO to allow the exemption under section 11, ruling in favor of the Assessee. en-us Fri, 29 Jul 2022 00:00:00 +0530 Fri, 12 Aug 2022 08:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426281 The Tribunal allowed the Assessee's appeal, overturning the disallowance of exemption under sections 11/12 of the Income Tax Act. The delay in filing the appeal was condoned due to a COVID-19 related extension. The Assessee, a charitable trust, claimed exemption based on the proviso to section 12A(2) and a CBDT circular. The CIT(A) confirmed the disallowance due to non-electronic filing of the audit report, but the Tribunal emphasized substantial compliance with procedural requirements. The Tribunal directed the AO to allow the exemption under section 11, ruling in favor of the Assessee. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426281