Exemption U/s 11 Allowed Despite Belated Form 10B: Procedural Defect Curable; CPC Adjustment Invalid – ITAT Kolkata

Bhairab Jnananandababa Seva Sangha Vs ITO (ITAT Kolkata) Exemption u/s 11 Cannot Be Denied for Belated Form 10B – Procedural Defect Curable – CPC Adjustment Held Invalid – ITAT Kolkata ITAT Kolkata allowed exemption u/s 11 to charitable trust holding that non-filing of audit report in Form 10B along with original return is only a procedural defect which can be cured subsequently. Assessee had initially filed return without Form 10B but later filed revised return curing defect and furnishing audit report before processing u/s 143(1). Despite availability of audit report on record, CPC and...