Section 11 Exemption Allowed Despite Delay in Form 10B Filing: Gujarat HC

CIT (Exemptions) Vs Shri Laxmanarayan Dev Shrishan Seva Khendra (Gujarat High Court) The Gujarat High Court dismissed the Revenue’s appeal under Section 260A of the Income Tax Act, 1961, holding that no substantial question of law arose from the Income Tax Appellate Tribunal’s order allowing exemption under Section 11 despite delayed filing of audit report in Form 10B. The assessee, a public charitable trust registered under Section 12AA and approved under Section 80G, filed its return for AY 2017–18 declaring nil income but failed to upload Form 10B along with the return. Consequently, ...