Delayed Form 10B Filing Not Enough to Deny Section 11 Exemption Exemption

T. K. Raja Educational Charitable Trust Vs ITO (ITAT Chennai) In , the Income Tax Appellate Tribunal (ITAT), Chennai, dealt with two appeals filed by a charitable educational trust for Assessment Years 2016-17 and 2018-19. The trust was registered under Section 12A of the Income Tax Act and had claimed exemption under Section 11 after filing returns declaring nil income. The dispute arose because the Centralized Processing Centre (CPC) denied the exemption while processing the returns under Section 143(1), on the ground that the audit report in Form 10B was not filed along with the return of i...