ITAT Allows Exemption Under Section 11 Despite Delay in Filing Form 10B

Bhakt Samaj Vikas Education Trust Vs ACIT (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled in favor of Bhakt Samaj Vikas Education Trust, allowing its claim for exemption under Section 11 of the Income Tax Act, 1961, despite a delay in filing Form 10B (Audit Report). The decision, pronounced on June 25, 2025, sets aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year 2021-22, which had upheld the disallowance made by the Central Processing Centre (CPC), Bengaluru. Background of the Dispute Bhakt Samaj Vikas Education Trust, a charitab...