High Court Upholds ITAT's Denial of INC's Tax Exemption Due to Non-Compliance with Section 13A Conditions.

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....Exemption u/s 13A - ITAT was justified in denying exemption to the INC under Section 13A of the Act and refusing to condone the delay that had occurred in the audit of some of the state units by holding that the ITAT was right in its conclusion that the INC failed to fulfil the three conditions envisaged under clauses (a), (b) and (c) of Section 13A of the Act - HC....