Delay in Form 10B Filing No Bar to Section 11 Exemption: Bangalore ITAT

Anasuya Foundation Vs ITO (ITAT Bangalore) Bangalore ITAT : Belated Filing of Form 10B Cannot Defeat Section 11 Exemption – Audit Report Filed During Appeal Proceedings Held Sufficient The Bangalore ITAT granted relief to a charitable trust by holding that mere delay in electronically uploading Form 10B cannot be a ground to deny exemption under sections 11 and 12 when the audit report was ultimately filed during appellate proceedings. The assessee trust had obtained the audit report before the due date, but due to oversight failed to upload it electronically along with the return. CPC w...