Gujarat HC Allows Condonation of delay in filing Form 10B for Charitable Trust

Social Security Scheme of Gicea Vs CIT (Exemptions) (Gujarat High Court) Gujarat High Court ruled in favor of Social Security Scheme of Gujarat Institute of Civil Engineers and Architects, a registered charitable trust, allowing the condonation of delay in filing Form 10B for the assessment year 2016-17. The petitioner had obtained the audit report on time but failed to upload it with the income tax return, leading to a demand of ₹16,39,950 due to the denial of exemption under Section 11 of the Income Tax Act, 1961. Despite filing a rectification request under Section 154 and later applying ...