Gujarat Technological University vs. DCIT

Parties Involved

Facts Summary

Gujarat Technological University, a State Technical University established in 2007, filed its return of income for the Assessment Year 2019-20, claiming exemption under section 11 of the Income-tax Act, 1961. The Centralized Processing Centre (CPC) denied the exemption due to the delay in furnishing Form No. 10 and Form No. 10B. The assessee filed a series of rectification applications which were also denied. The Commissioner of Income Tax (Appeals) upheld the CPC's order, dismissing the appeal. The assessee appealed to the ITAT against this order.…

Legal Issues

• 1. Whether the delay in filing Form No. 10 and Form No. 10B can justify the denial of exemption under section 11?
• 2. Whether the levy of interest under sections 234B and 234C is justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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