Case Law Analysis
|Income Tax Appellate Tribunal
Section 10(23C)(vi) IT Act | Exemption Valid from Assessment Year Claimed Despite Delayed Registration: ITAT Agra Upholds Substantive Right Over Procedural Lapse
ITAT Agra rules that educational institutions are entitled to tax exemption under Section 10(23C)(vi) from the assessment year claimed, even if registration is delayed. The tribunal prioritized substantive rights over procedural lapses, setting a precedent for similar cases where recognition certificates are pending.