Income Tax Act Section 11 Exemption Case: Relief Granted in Form 10B Delay Dispute: ITAT

The Income Tax Appellate Tribunal (ITAT), Guwahati Bench at Kolkata, has provided significant relief to Srimanta Sankaradeva Kalakshetra in a dispute relating to denial of tax exemption under Section 11 and Section 12 of the Income Tax Act, 1961. The appeal concerned Assessment Year 2020-21 and challenged an order that denied charitable institution benefits due to delayed filing of audit documents during the COVID-19 pandemic period. Reason Behind the Tax…