MANGALAYATAN UNIVERSITY,JABALPUR, MADHYA PRADESH vs LD. CIT (EXEMPTION), BHOPAL, BHOPAL, MADHYA PRADESH
ITA 96/JAB/2024[2022-23]Status: Disposed22 Jul 2025AY 2022-23Remanded
The Tribunal found that the CIT(Exemption)'s conclusion regarding incorrect interest payable was premature as all facts were not on record. Regarding CSR violation, the Tribunal noted that the assessee received funds, applied for registration promptly, and eventually obtained it. The Tribunal questioned whether belated compliance amounted to a violation of law or mere irregularity, suggesting that such determination should be made by authorities implementing the Companies Act.
