https://www.taxtmi.com/caselaws?id=466468 Denial of exemption under section 11 arose from late filing of Form 10/10B and consequent non-condonation by the CIT(E); the tribunal noted CBDT circulars authorising CIT(E) to condone delay and prescribing disposal timelines, but the assessee's condonation petition remained pending. The tribunal directed the CIT(E) to decide the condonation petition within the prescribed timeframe and instructed the assessing officer, if delay is condoned, to consider the claim for exemption under section 11 in accordance with law, granting the assessee a reasonable opportunity of being heard. en-us Thu, 27 Feb 2025 00:00:00 +0530 Mon, 09 Feb 2026 21:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466468 Denial of exemption under section 11 arose from late filing of Form 10/10B and consequent non-condonation by the CIT(E); the tribunal noted CBDT circulars authorising CIT(E) to condone delay and prescribing disposal timelines, but the assessee's condonation petition remained pending. The tribunal directed the CIT(E) to decide the condonation petition within the prescribed timeframe and instructed the assessing officer, if delay is condoned, to consider the claim for exemption under section 11 in accordance with law, granting the assessee a reasonable opportunity of being heard. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466468