https://www.taxtmi.com/highlights?id=79098 The High Court address the rejection of revision petition u/s 264 due to an inadvertent error in filing Form ITR-VII, resulting in denial of exemption to a trust approved u/s 10(23C) of the Income-tax Act. The court found that the Trust was entitled to exemption as there was no indication otherwise. The respondent's rejection based on filing errors without considering the exemption claim requires reconsideration. The court set aside the order and remanded the matter for reconsideration, directing the respondent to issue a fresh order within three months considering the court's observations. en-us Thu, 04 Jul 2024 08:17:47 +0530 Thu, 04 Jul 2024 08:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79098 The High Court address the rejection of revision petition u/s 264 due to an inadvertent error in filing Form ITR-VII, resulting in denial of exemption to a trust approved u/s 10(23C) of the Income-tax Act. The court found that the Trust was entitled to exemption as there was no indication otherwise. The respondent's rejection based on filing errors without considering the exemption claim requires reconsideration. The court set aside the order and remanded the matter for reconsideration, directing the respondent to issue a fresh order within three months considering the court's observations. Highlights Income Tax Thu, 04 Jul 2024 08:17:47 +0530 https://www.taxtmi.com/highlights?id=79098