https://www.taxtmi.com/caselaws?id=767478 ITAT Visakhapatnam allowed the assessee's appeal regarding denial of exemption under section 10(23C)(via). The tribunal held that delay in filing Form 10B constitutes merely a procedural defect that can be rectified, following precedent from Bombay HC. Since Form 10B was approved before intimation under section 143(1), the AO/CPC was directed to allow the deduction. Additionally, the tribunal recognized a clerical error in selecting the wrong clause code despite stating education as the objective, directing the Principal Commissioner to provide opportunity for rectification during renewal application. en-us Fri, 14 Feb 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767478 ITAT Visakhapatnam allowed the assessee's appeal regarding denial of exemption under section 10(23C)(via). The tribunal held that delay in filing Form 10B constitutes merely a procedural defect that can be rectified, following precedent from Bombay HC. Since Form 10B was approved before intimation under section 143(1), the AO/CPC was directed to allow the deduction. Additionally, the tribunal recognized a clerical error in selecting the wrong clause code despite stating education as the objective, directing the Principal Commissioner to provide opportunity for rectification during renewal application. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767478