Gujarat HC Allowed Section 11 Exemption Despite Late filing of Form 10B

CIT (Exemption) Vs Anjana Foundation (Gujarat High Court) The appeal before the Gujarat High Court was filed by the Revenue under Section 260A of the Income-tax Act, 1961, challenging the order dated 07.02.2024 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench, for Assessment Year 2021–22. The Revenue proposed questions of law on whether furnishing the audit report in Form 10B is a mandatory requirement under Section 12A(1)(b) or merely procedural, and whether the Tribunal was justified in admitting Form 10B filed after the due date and granting exemption under Section 11. Read SC...