https://www.taxtmi.com/caselaws?id=307067 A charitable institution's return filed seven days after the extended due date, but before the last date for a belated return, was treated as satisfying the filing requirement for exemption under section 11 and accumulation under section 11(2). The CBDT's clarification on the amended section 12A(1)(ba) was applied to read the requirement as filing within the time allowed under section 139, and the exemption was therefore allowed. The delay was also condoned in view of the Covid-19 limitation extensions, the short period of delay, and the relaxation reflected in the CBDT circulars, so the return was directed to be considered accordingly. en-us Thu, 13 Oct 2022 00:00:00 +0530 Wed, 15 Mar 2023 21:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307067 A charitable institution's return filed seven days after the extended due date, but before the last date for a belated return, was treated as satisfying the filing requirement for exemption under section 11 and accumulation under section 11(2). The CBDT's clarification on the amended section 12A(1)(ba) was applied to read the requirement as filing within the time allowed under section 139, and the exemption was therefore allowed. The delay was also condoned in view of the Covid-19 limitation extensions, the short period of delay, and the relaxation reflected in the CBDT circulars, so the return was directed to be considered accordingly. Case-Laws Income Tax Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307067