Section 11 Exemption Cannot Be Denied for Late Form 10B – Delay Held Procedural

Joygopalpur Youth Development Centre Vs ITO (ITAT Kolkata) Form 10B Delay Not Fatal- Belated Form 10B Is Only a Procedural Lapse — ITAT Kolkata Restores Sec.11 Exemption Assessee-society registered u/s 12AA faced denial of exemption u/s 11 because Form 10B was allegedly filed belatedly. AO treated late filing as fatal and assessed income at ₹1,13,00,961, CIT(A) mechanically upheld the denial. Before ITAT, Assessee explained that original Form 10B was filed on 30.10.2018 (within the due date for audit report), and revised Form 10B on 27.10.2019 during assessment proceedings to correct an ac...