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Section 11 and 12 exemption disallowed
The assessee had not obtained registration u/s 12AB by filing Form 10A within the given time. The form hasn't been filed till now. The exemption claimed u/s 11 and 12 for the AY 2022-23 has now been disallowed. Is there any remedy available where assessee can continue to avail exemption u/s 11 and 12 for the AY 2022-23, 2023-24 and onwards.
Replies (1)
If your exemption was disallowed due to failure to file Form 10A, the primary remedy is to file an appeal with the ITAT, emphasizing "substantial justice" over procedural lapses. You may also seek condonation of delay by providing a valid, documented "reasonable cause" for the failure, and monitor CBDT circulars for any potential one-time relief windows.
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