Delay in Form 10B Is Procedural: CPC Cannot Deny U/s 11 Exemption at U/s 143(1) Stage

Father Leblond Trust Vs CPC (ITAT Kolkata) Assessee-Trust, registered u/s 12A, filed its return u/s 139(4A) within the extended due date. Audit report was prepared within time, but Form 10B was uploaded belatedly on the portal. CPC, while processing return u/s 143(1), denied exemption u/s 11 & raised demand. Rectification u/s 154 was also rejected & CIT(A) upheld denial holding that power to condone delay in filing Form 10B vested only with CIT(E). ITAT condoned delay in filing appeal & held that filing of Form 10B is only a procedural requirement. Tribunal noted that exemption u/s...