Delayed Form 10B Filing Not Fatal: ITAT Remands Exemption Case

Gram Nirman Mandal Vs DC/AC Exemption (ITAT Kolkata) Form 10B Is Procedural- Delay in Form 10B Filing Not Fatal: ITAT Sets Aside NFAC’s Ex-Parte Order, Remands Matter Patna  Tribunal dealt with an ex-parte dismissal by CIT(A)/NFAC concerning denial of exemption u/s 11, 12 & 10(23B) for AY 2018-19. The Assessee, a historic voluntary organisation founded by Lok Nayak Jayaprakash Narayan in 1954 &  engaged in Khadi activities, had failed to upload Form 10B on time due to severe medical issues faced by the tax auditor’s family. Though Form 10B was eventually filed electronically on 1...