Menu
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.
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
