November 20, 2025
Exemption u/s. 11/12 granted based on proviso to section 12A(2)
IntelME Verdict
Compliance Shift
TL;DR
ITAT Indore ruled that organizations meeting specific conditions can claim tax exemption under sections 11/12 based on the proviso to section 12A(2) for AY 2018-19.
Analysis
The ITAT Indore ruling allowing tax exemption under sections 11/12 based on the proviso to section 12A(2) for AY 2018-19 signifies a compliance shift. Tax professionals need to be aware of this development to ensure their clients meet the specific conditions for claiming exemptions effectively.
Source
TaxGuru Legal (India)↗Share: