Filing of Form 10B only directory and not mandatory: ITAT Bangalore

Sarvadeivatha Education Trust [Regd] Vs ITO (ITAT Bangalore) ITAT Bangalore held that filing of form 10B is only directory and the same is not mandatory. Hence denial of exemption under section 11 of the Income Tax Act for delay in filing of form 10B unjustified. Facts- Assessee is a trust constituted under the Deed of declaration of Trust dated 11/06/1991 to carry on the charitable objects of imparting education. It is submitted that the assessee was registered u/s. 12AA of the act vide order dated 06/08/2020 and has thereafter obtained the registration u/s. 12AB of the act vide form 10AC dat...