Filing of Form 10B is a procedural requirement & should not negate substantive claim of exemption

Shambhu Dayal Modern School Vs ITO (Exemption) (ITAT Delhi)

In the case of Shambhu Dayal Modern School vs. ITO (Exemption), the Delhi ITAT addressed the denial of tax exemption under Section 11 of the Income-tax Act for an educational trust. The dispute arose when the Centralized Processing Center (CPC) denied the exemption due to the trust’s failure to update its registration details under Section 12AB of the Act in the income tax return, which was filed on March 31, 2022. The trust had obtained its new registration on April 5, 2022, making it impossible to include thes

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