https://www.taxtmi.com/highlights?id=76991 Exemption u/s 11 - assessee has not e-filed or not filed return within due date - The NFAC/Ld.CIT(A) ruled in favor of the Assessee, stating that the CBDT circular clarified that even belatedly filed returns could be eligible for exemption under section 11, as long as filed within the time allowed under section 139. The Appellate Tribunal concurred with this decision, emphasizing the applicability of the circular and relevant case law, affirming the Assessee's eligibility for exemption under section 11. en-us Tue, 30 Apr 2024 15:05:44 +0530 Tue, 30 Apr 2024 15:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76991 Exemption u/s 11 - assessee has not e-filed or not filed return within due date - The NFAC/Ld.CIT(A) ruled in favor of the Assessee, stating that the CBDT circular clarified that even belatedly filed returns could be eligible for exemption under section 11, as long as filed within the time allowed under section 139. The Appellate Tribunal concurred with this decision, emphasizing the applicability of the circular and relevant case law, affirming the Assessee's eligibility for exemption under section 11. Highlights Income Tax Tue, 30 Apr 2024 15:05:44 +0530 https://www.taxtmi.com/highlights?id=76991