Even if Form 10B is filed at a later stage, Section 11 exemption cannot be denied

Anjana Foundation Vadodara Vs A.O. (ITAT Ahmedabad) Introduction: The case of Anjana Foundation Vadodara vs A.O. was brought before the Income Tax Appellate Tribunal (ITAT) in Ahmedabad. The dispute revolved around whether the advance filing of Form 10B along with the income tax return is a mandatory requirement for claiming exemption under Sections 11 and 12 of the Income-tax Act. Detailed Analysis: The appellant, Anjana Foundation Vadodara, contested an adjustment made by the Commissioner of Income Tax (Appeals) regarding the exemption claimed under Sections 11 and 12 of the Act. The adjustm...