Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse

Roman Catholic Church of St. Joseph Vs Central Processing Centre Income Tax Department (ITAT Mumbai) Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse Assessee, a charitable trust, claimed exemption u/s 11 & 12. CPC denied exemption in intimation u/s 143(1) on ground that Form 10B (audit report) was filed with delay of 29 days, though return itself was filed within due date. CIT(A) upheld denial relying on Wipro Ltd. decision. ITAT held: Delay in filing Form 10B is procedural in nature Audit report was filed before completion of processing u/s 143(1) V...