https://www.taxtmi.com/caselaws?id=762226 ITAT Chennai allowed the appeal filed by a Trust against denial of exemption under section 11. The Trust filed its audit report 32 days late, leading to exemption denial. The CPC processed the return but later denied exemption without proper opportunity as required under section 143(1). ITAT held this violated natural justice principles since the Trust had filed the audit report before processing. The order was set aside, directing the Trust to apply for delay condonation per CBDT Circular 2/2020, and CPC to reprocess the return after providing proper opportunity to the assessee. en-us Wed, 18 Sep 2024 00:00:00 +0530 Wed, 27 Nov 2024 08:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762226 ITAT Chennai allowed the appeal filed by a Trust against denial of exemption under section 11. The Trust filed its audit report 32 days late, leading to exemption denial. The CPC processed the return but later denied exemption without proper opportunity as required under section 143(1). ITAT held this violated natural justice principles since the Trust had filed the audit report before processing. The order was set aside, directing the Trust to apply for delay condonation per CBDT Circular 2/2020, and CPC to reprocess the return after providing proper opportunity to the assessee. Case-Laws Income Tax Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762226