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Delayed Form 10B is Curable Procedural Lapse: ITAT Ahmedabad
Case Law Details
- Case Name
- Kanchanba Education Trust vs ACIT (Exemption) (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2024-25
- Courts
- All ITAT, ITAT Ahmedabad
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Kanchanba Education Trust vs ACIT (Exemption) (ITAT Ahmedabad)
Delayed Form 10B is curable procedural lapse; ITAT Ahmedabad restores Sec 11 & 12 exemption
Ahmedabad Tribunal allowed Assessee’s appeal & set aside order of CIT(A) upholding denial of exemption u/s 11 & 12 merely for belated filing of Form 10B. Tribunal held that Trust was duly registered u/s 12A, accounts were audited, return was filed within extended due date & income was applied for charitable purposes. Filing of Form 10BB instead of Form 10B was a bona fide mistake, which was later rectif...
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