https://www.taxtmi.com/caselaws?id=435379 The Tribunal allowed the appeal in favor of the assessee, a public charitable trust, ruling that the delay in filing Form 10B, which was condoned by CIT(Exemption), Ahmedabad, should not impact the exemption claim under sections 11 and 12 of the Income Tax Act. The Tribunal referenced precedents supporting that a delay does not invalidate the exemption if the return is filed within the time allowed under section 139(4). The Tribunal clarified that section 13(9) does not apply to the entire section 11, and since the assessee did not claim benefits under section 11(2), section 13(9) was inapplicable. The decision was pronounced on 13-03-2023. en-us Mon, 13 Mar 2023 00:00:00 +0530 Wed, 08 Apr 2026 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435379 The Tribunal allowed the appeal in favor of the assessee, a public charitable trust, ruling that the delay in filing Form 10B, which was condoned by CIT(Exemption), Ahmedabad, should not impact the exemption claim under sections 11 and 12 of the Income Tax Act. The Tribunal referenced precedents supporting that a delay does not invalidate the exemption if the return is filed within the time allowed under section 139(4). The Tribunal clarified that section 13(9) does not apply to the entire section 11, and since the assessee did not claim benefits under section 11(2), section 13(9) was inapplicable. The decision was pronounced on 13-03-2023. Case-Laws Income Tax Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435379