Bangalore ITAT Grants Relief as Revised Form 10 Filed Before Assessment Saved ₹1.44 Cr Claim

National Academy of Rudseti Vs ACIT (ITAT Bangalore) Revised Form 10 Filed Before Assessment Saved ₹1.44 Crore Accumulation Claim- Bangalore ITAT Grants Relief to Charitable Trust In a taxpayer-friendly ruling, the Bangalore ITAT held that a mere inadvertent mistake in Form 10 cannot deprive a charitable trust of exemption u/s 11(2), especially when the accumulation was properly disclosed in the return of income and audit report and the mistake was voluntarily corrected before completion of assessment. The assessee trust, National Academy of Rudseti, had filed its return along with Form 10 c...