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

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