Exemption Restored Because Form 10B Filed Within Extended Due Date

Sri Shivayogi Muniswara Swamy Vidyapeetha Vs ITO (ITAT Bangalore) Form 10B Filed on Extended Due Date Can’t Kill Exemption — Bangalore ITAT Revives Trust’s 11 Benefit, Sends Case Back for Application Check The Bangalore ITAT (B Bench) partly allowed the appeal of M/s Sri Shivayogi Muniswara Swamy Vidyapeetha (AY 2020-21) and held that exemption u/s 11 cannot be denied merely because Form 10B was uploaded on the extended due date, especially in the backdrop of COVID-19 extensions granted by the Supreme Court. The Assessee-trust, registered u/s 12AA, filed its return on 15-02-2021 declarin...