Exemption u/s. 10(23C)(v) granted as Form No. 10BB filed before completion of assessment proceeding

ACIT Vs Nanded Sikhgurudwara Sachkhand Hazur Sahib (ITAT Pune) ITAT Pune held that denial of exemption under section 10(23C)(v) of the Income Tax Act for belated filing of Form No. 10BB not justified as audit report in Form No. 10BB was submitted before completion of assessment proceedings. Accordingly, appeal of revenue dismissed. Facts- The assessee is a religious and charitable trust engaged in the work of managing the administration and functioning of Sikh Gurudwara Suchkhand Shri Hazur Sahib, Nanded. During the course of assessment proceedings, the Assessing Officer upon verification of t...