https://www.taxtmi.com/caselaws?id=63391 The ITAT Delhi-B reversed the ITO's decision and granted exemption under section 11 to the assessee. The Tribunal held that the return filed by the trust should be treated as under section 139(4A), allowing for revision, and since the audit report was submitted with the revised return, denial of exemption was unjustified. Additionally, the Tribunal interpreted that a charitable trust's return under section 139(4A) could be revised and that attaching an audited balance sheet to the return was not a legal requirement for claiming exemption under section 11. en-us Fri, 31 Oct 1986 00:00:00 +0530 Sat, 29 Jan 2011 17:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63391 The ITAT Delhi-B reversed the ITO's decision and granted exemption under section 11 to the assessee. The Tribunal held that the return filed by the trust should be treated as under section 139(4A), allowing for revision, and since the audit report was submitted with the revised return, denial of exemption was unjustified. Additionally, the Tribunal interpreted that a charitable trust's return under section 139(4A) could be revised and that attaching an audited balance sheet to the return was not a legal requirement for claiming exemption under section 11. Case-Laws Income Tax Fri, 31 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63391