Exemption to Gujarat Trust Cannot Be Denied for Late Form 10 Filing: Gujarat HC

Brahmchari Wadi Trust Vs CIT (Exemption) (Gujarat High Court) The Gujarat High Court allowed the writ petition filed by a charitable trust and set aside the order rejecting condonation of delay in filing Form No.10 for Assessment Year 2017–18 under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner trust, registered under Section 12AA and engaged in running educational institutions, had claimed exemption under Sections 11 and 12 and exercised the option to accumulate income under Section 11(2). Although the trust filed Form No.10B (audit report) and Form No.10 for accumulation, th...