https://www.taxtmi.com/caselaws?id=240944 HC held that failure to file Form 10 application under Section 11(2) with the return was not fatal where information was provided during assessment proceedings before completion. Court found sufficient material existed showing assessee set apart 85% of income for next year's expenditure and actually spent the amount. Tribunal correctly remanded matter to examine books for 2009-10 to verify expenditure and investment compliance. Assessing Officer directed to condone delay in Form 10 filing, emphasizing substance over form. Decision favored assessee. en-us Mon, 09 Dec 2013 00:00:00 +0530 Thu, 08 May 2025 11:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240944 HC held that failure to file Form 10 application under Section 11(2) with the return was not fatal where information was provided during assessment proceedings before completion. Court found sufficient material existed showing assessee set apart 85% of income for next year's expenditure and actually spent the amount. Tribunal correctly remanded matter to examine books for 2009-10 to verify expenditure and investment compliance. Assessing Officer directed to condone delay in Form 10 filing, emphasizing substance over form. Decision favored assessee. Case-Laws Income Tax Mon, 09 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240944