Belated Form 10B Rejection Is Hyper-Technical; ITAT Nagpur allows Section 11 & 12A(1)(b) exemptions

Deendayal Seva Pratishthan Vs ITO (ITAT Nagpur) Summary: The Income Tax Appellate Tribunal (ITAT), Nagpur, has allowed the appeal of Deendayal Seva Pratishthan, ruling that a charitable trust should not be denied tax exemption solely because of a technical delay in verifying the electronically filed audit report (Form 10B). The tribunal held that since the auditor had digitally signed and filed the form within the stipulated time, the subsequent delay in the trust’s own verification, attributed to technical difficulties, amounted to a curable technical default and did not negate the subs...