https://www.taxtmi.com/caselaws?id=766769 A petition filed with a delay of 306 days was not dismissed at the threshold because notice was considered appropriate in view of the substantial tax effect and the importance of the legal question on the applicability of Section 13(1)(b) of the Income-tax Act, 1961 to exemption under Sections 11 and 12. The order also noted a prima facie concern that the High Court may have overlooked the assessee's registration under Section 12A while treating it as entitled to exemption. Notice was therefore issued on both the delay application and the main matter, with no final decision on the merits. en-us Fri, 14 Feb 2025 00:00:00 +0530 Tue, 04 Mar 2025 07:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766769 A petition filed with a delay of 306 days was not dismissed at the threshold because notice was considered appropriate in view of the substantial tax effect and the importance of the legal question on the applicability of Section 13(1)(b) of the Income-tax Act, 1961 to exemption under Sections 11 and 12. The order also noted a prima facie concern that the High Court may have overlooked the assessee's registration under Section 12A while treating it as entitled to exemption. Notice was therefore issued on both the delay application and the main matter, with no final decision on the merits. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766769