Non-filing of Form 10B cannot be reason to deny benefit u/s. 11: ITAT Delhi

Puran Chand Arora Charitable Trust Vs ITO (ITAT Delhi) ITAT Delhi held that rejection of claim of exemption under section 11 of the Income Tax Act for mere non-fling of Form 10B is not justifiable since filing of Form 10B is directory in nature and the same cannot be reason to deny benefit. Facts- The assessee filed its return of income for Assessment Year 2016-17on 07.2016. Due to non-filing of Form 10B along with return of income, the claim of the assessee in proceedings u/s 143(1) of Income-tax Act, 1961 for the claim of exemption u/s 11 of the Act was rejected and the receipts declared by ...