Section 11 Exemption Allowed Despite Delay in Form 10BB

Kinkini Vs ITO (ITAT Jaipur) Delayed Form 10BB Is Only Procedural: ITAT Jaipur Allows s.11 Exemption Despite Late Filing Jaipur ITAT ‘SMC’ Bench, in Kinkini vs. ITO (ITA No.1185/JPR/2025, AY 2023-24, order dated 24.12.2025), allowed the assessee’s appeal and held that exemption u/s 11 cannot be denied merely due to delayed filing of Form 10BB, when the audit report was available on record before issuance of intimation u/s 143(1). The assessee, a charitable trust/AOP, filed its return claiming full exemption u/s 11. However, Form 10BB (audit report)—though filed on 31.03.2024—was beyo...