Section 11 Exemption Valid Despite Late Form 10B Filing: ITAT Dehradun

Guru Singh Sabha Vs ITO (ITAT Dehradun) Income Tax Appellate Tribunal (ITAT) Dehradun bench has ruled in favor of Guru Singh Sabha in two appeals against the Income Tax Officer (ITO) for assessment years 2020-21 and 2021-22. The dispute centered on the assessee’s entitlement to Section 11 exemption under the Income-tax Act, 1961, following the late submission of its prescribed tax audit report in Form 10B. The Revenue had contended that the filing of Form 10B by the due date of the Section 139(1) return was a mandatory requirement, and non-compliance barred the assessee from claiming the...