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Charitable Trust Can’t Be Denied Tax Exemption for Delayed Form 10B Filing: Bombay HC
Case Law Details
- Case Name
- People’s Mobile Hospitals Vs CIT (Exemption) and Ors. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All High Courts, Bombay High Court
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People’s Mobile Hospitals Vs CIT (Exemption) and Ors. (Bombay High Court)
Denial of Benefits of Section 11 on Account of Delay in Filing Audit Report – Procedural Lapse or Substantive Default?
1. Introduction
A recurring controversy in the taxation of charitable and religious trusts is whether a delay in furnishing the audit report in Form No. 10B disentitles such trusts from claiming the benefit of exemption under Section 11 of the Income-tax Act, 1961 (“the Act”). While the statutory mandate under Section 12A(1)(b) requires the audit report to be filed on or before t...
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