Audit Report Omission doesn’t Hinder Section 11 Exemption Claim: Ahmedabad ITAT

Gyandeep Charitable Trust Vs A.D.I.T. (ITAT Ahmedabad)  Gyandeep Charitable Trust challenged the denial of exemption under section 11 of the Income Tax Act due to a delay in filing Form 10B. The National Faceless Appeal Centre (NFAC), Delhi, had upheld the assessment order, prompting the trust to appeal to the Income Tax Appellate Tribunal (ITAT) in Ahmedabad. The trust’s grievance centered on the delay in filing Form 10B, which led to the denial of exemption under section 11 of the Act. The trust contended that the requirement to file the audit report was procedural and should not impe...