Section 11 Exemption Restored as Form 10B Was Filed Within Due Date

Shramik Vikas Sansthan Vs ITO (ITAT Ahmedabad)

Form 10B filed on time can’t be ignored: ITAT restores Section 11 exemption, quashes CPC rectification denial

ITAT Ahmedabad allowed assessee-trust’s appeal &  restored exemption u/s 11. CPC had denied exemption while processing return u/s 143(1) on ground that Form 10B audit report was not available, &  rectification u/s 154 was also rejected; CIT(A) confirmed denial treating Form 10B as belated.

Tribunal found as a matter of record that Form 10B dated 25-05-2016 was digitally filed on 07-0

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