Form 10B Filing Held Directory, Not Mandatory for Section 11

Aarti Singal Foundation Vs CPC (ITAT Delhi) Form 10B Is Directory, Not Mandatory: Minor Delay Can’t Defeat Charitable Exemption:- CPC Adjustment u/s 143(1) Set Aside- Delhi ITAT ‘A’ Bench in Aarti Singal Foundation vs CPC, Bengaluru (ITA No.89/Del/2025, AY 2021-22, order dated 23-12-2025) allowed the assessee’s appeal and restored exemption u/s 11(1), holding that a marginal delay of four days in filing audit report in Form 10B cannot be a ground to deny charitable exemption. The assessee-trust filed its return declaring nominal income of ₹39,450. CPC, while processing the return u/s...