Exemption u/s. 11 cannot be denied merely for delay in filing Form 10B: ITAT Ahmedabad

Gujarat Technological University Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that delay in furnishing Form No. 10B is procedural lapse hence it cannot be sole reason for denial of exemption under section 11 of the Income Tax Act. Accordingly, delay in filing 10B condoned and exemption granted.

Facts- The assessee is Gujarat Technological University, a State Technical University established in the year 2007 under Gujarat Act No. 20 of 2007. The assessee is registered u/s. 12AA of the Act. For the relevant previous year, the assessee filed its return

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