Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]
The writ petition is disposed of, with direction to the 1st respondent to consider and pass appropriate order on a series of applications seeking condonation of delay in filing the audit reports under Section 119(2)(b) of the IT Act, expeditiously
The Kerala High Court directed to consider a stay petition against the denial of an exemption claim under section 10(23C) (VI) of the Income Tax Act, 1961. The court held that it cannot presume the outcome of the application filed before the 1st respondent for condoning the delay in submitting the audit report under Section…
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