ITAT Kolkata Condones Delay in Filing Form 10B Due to Technical Issues

Kaydee Foundation Vs ITO (ITAT Kolkata) In a recent decision, the Income Tax Appellate Tribunal (ITAT) Kolkata addressed an appeal by Kaydee Foundation against the Commissioner of Income Tax (Appeals)-Addl/JCIT(A)-1, Coimbatore. The dispute centered on the Foundation’s claim of exemption under Section 11 of the Income Tax Act for the assessment year 2022-23. The foundation, a trust, filed its income tax return under Section 139(4a) along with the auditor’s report in Form No. 10B. However, the Assessing Officer (AO) rejected the exemption claim citing a delay of 24 days in filing th...