ITAT set aside AO's denial of exemption under Section 11 for charitable trust due to 14-day delay in filing Form 10B audit report and mismatched registration details between ITR and Form 10AC. Tribunal held that minor procedural delays cannot justify denial of exemption, particularly when Form 10B was available with department before Section 143(1) notice issuance. Regarding registration detail mismatch, ITAT noted this resulted from tax consultant error and should not warrant exemption withdrawal when AO could verify Section 12A registration through accessible Form 10AC. Matter remanded to CIT(A) for verification of actual filing dates and registration details, directing appropriate relief if assessee filed Form 10B before notice issuance. Appeal allowed for statistical purposes pending CIT(A)'s verification and fresh determination.
ITAT set aside AO's denial of exemption under Section 11 for charitable trust due to 14-day delay in filing Form 10B audit report and mismatched registration details between ITR and Form 10AC. Tribunal held that minor procedural delays cannot justify denial of exemption, particularly when Form 10B was available with department before Section 143(1) notice issuance. Regarding registration detail mismatch, ITAT noted this resulted from tax consultant error and should not warrant exemption withdrawal when AO could verify Section 12A registration through accessible Form 10AC. Matter remanded to CIT(A) for verification of actual filing dates and registration details, directing appropriate relief if assessee filed Form 10B before notice issuance. Appeal allowed for statistical purposes pending CIT(A)'s verification and fresh determination.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
