https://www.taxtmi.com/caselaws?id=441307 The Trust, registered under Section 12A of the Income Tax Act, initially faced disallowance of exemption claim due to the absence of Form 10B. Despite later filing the form and a Rectification Petition seeking exemption, both were rejected. The Tribunal ruled in favor of the Trust, stating it was eligible for exemption under Section 11. The AO was directed to reassess considering the relevant Form 10B. The CIT(A)'s order was set aside, and the appeal was allowed for statistical purposes. en-us Wed, 02 Aug 2023 00:00:00 +0530 Sat, 05 Aug 2023 08:06:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441307 The Trust, registered under Section 12A of the Income Tax Act, initially faced disallowance of exemption claim due to the absence of Form 10B. Despite later filing the form and a Rectification Petition seeking exemption, both were rejected. The Tribunal ruled in favor of the Trust, stating it was eligible for exemption under Section 11. The AO was directed to reassess considering the relevant Form 10B. The CIT(A)'s order was set aside, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441307