https://www.taxtmi.com/caselaws?id=312515 The Tribunal dismissed the appeal, affirming the denial of exemption under section 11 of the Income Tax Act, 1961, due to the appellant trust's failure to file its return of income within the prescribed due date as required by section 139(1). The Tribunal emphasized the lack of discretionary power to condone the delay, rendering the exemption claim inadmissible. en-us Thu, 23 Mar 2023 00:00:00 +0530 Fri, 23 Feb 2024 05:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312515 The Tribunal dismissed the appeal, affirming the denial of exemption under section 11 of the Income Tax Act, 1961, due to the appellant trust's failure to file its return of income within the prescribed due date as required by section 139(1). The Tribunal emphasized the lack of discretionary power to condone the delay, rendering the exemption claim inadmissible. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312515