Procedural Delays in Form 10B Filing Should Be condoned if No Malafide Intent: ITAT Kolkata

Manav Seva Trust Vs A.O. (ITAT Kolkata) ITAT Kolkata ruled in favor of Manav Seva Trust, a registered charitable trust under Section 12A of the Income Tax Act, after its exemption claim was denied due to the late filing of Form-10B. The trust had filed its income tax return for AY 2018-19 on September 30, 2018, which was processed under Section 143(1). However, the CPC disallowed the exemption claim in an order dated March 18, 2020, as Form-10B was not submitted. The CIT(A) upheld this decision, citing that the trust did not seek condonation of delay under CBDT Circular No. 16/2022. The trust ...