Filing Form 10B After Due Date Doesn’t Bar Sections 11 & 12 Exemption: ITAT Kolkata

Salt Lake Sanskritik Sansad Vs Deputy Director of Income Tax (ITAT Kolkata)

Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has ruled in favor of Salt Lake Sanskritik Sansad, a Public Charitable Society, stating that the benefit of income tax exemption cannot be denied merely due to a delay in filing the audit report in Form 10BB. This decision provides significant relief to charitable trusts facing similar issues.

The assessee-Society, registered under Section 12A of the Income Tax Act, 1961, and engaged in charitable activities including relief of the

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