Section 11 exemption cannot be denied for Delayed Form 10B submission

India Industrial Mission Vs DCIT (ITAT Kolkata)

The case revolved around the interpretation of Sections 11, 12A, and 143(1) of the Income-tax Act. The assessee, represented by its counsel, contended that although Form 10B was submitted late, it was available with the department before the processing of the return and issuance of intimation under Section 143(1).

The ITAT Kolkata, in its review of the case, heavily considered precedents set by prior rulings, including that of the Jurisdictio

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