Delay in Form 10B Filing Cannot Deny Trust Exemption: Madras HC

Sivestar Educational Trust Vs CIT (Exemption) (Madras High Court)

Madras High Court in Sivestar Educational Trust vs Commissioner of Income Tax (Exemption) held that legitimate tax exemption to a registered charitable trust cannot be denied merely due to delay in filing the audit report in Form 10B. The Court quashed the order of the Commissioner of Income Tax (Exemption) [CIT(E)] rejecting condonation of delay under Section 119(2)(b) of the Income Tax Act, 1961, and allowed the writ petition, subject to payment of Rs.25,000 to the Blue Cross of India.

The petitione

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