https://www.taxtmi.com/caselaws?id=442129 The appeal by the assessee society against the denial of exemptions under sections 11 and 12 of the Income-tax Act, 1961, due to delayed filing of forms was allowed by the ITAT Raipur. The ITAT directed the Assessing Officer to consider the claim for deduction of expenses incurred by the society, leading to a remand of the case for reevaluation. The decision aligned with a previous case where exemption was denied but deduction of expenses was accepted. The matter was remanded for reconsideration based on commercial principles. en-us Mon, 21 Aug 2023 00:00:00 +0530 Fri, 25 Aug 2023 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442129 The appeal by the assessee society against the denial of exemptions under sections 11 and 12 of the Income-tax Act, 1961, due to delayed filing of forms was allowed by the ITAT Raipur. The ITAT directed the Assessing Officer to consider the claim for deduction of expenses incurred by the society, leading to a remand of the case for reevaluation. The decision aligned with a previous case where exemption was denied but deduction of expenses was accepted. The matter was remanded for reconsideration based on commercial principles. Case-Laws Income Tax Mon, 21 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442129