Delhi ITAT: Genuine Form 10B Error Not a Bar to Section 11 Exemption; AO to Consider Revised Form

Youthreach Vs ITO (ITAT Delhi) Delhi ITAT: Genuine Reporting Error in Form 10B Should Not Defeat Section 11 Exemption; AO Directed to Consider Revised Form The Delhi ITAT held that a genuine reporting error in Form 10B should not deprive a charitable trust of exemption under section 11. Setting aside the orders passed under sections 143(3) and 154, the Tribunal directed the Assessing Officer to consider the revised Form 10B and determine the correct taxable income instead of denying relief on a technical mistake. The assessee, a charitable organisation, had filed its return in ITR-7, along wit...