https://www.taxtmi.com/caselaws?id=441935 The Tribunal allowed the appeal of the assessee, a public charitable trust, in a case concerning denial of exemption under sections 11 and 12 of the Income Tax Act due to belated filing of Form 10B. The Tribunal held that the denial based solely on procedural lapses was unjust, emphasizing the importance of substantial compliance with the Act's provisions. It set aside the lower authorities' order, highlighting the need for equitable considerations in cases of procedural lapses by charitable trusts and ensuring legitimate claims for exemptions are not impeded by technical issues. en-us Fri, 04 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441935 The Tribunal allowed the appeal of the assessee, a public charitable trust, in a case concerning denial of exemption under sections 11 and 12 of the Income Tax Act due to belated filing of Form 10B. The Tribunal held that the denial based solely on procedural lapses was unjust, emphasizing the importance of substantial compliance with the Act's provisions. It set aside the lower authorities' order, highlighting the need for equitable considerations in cases of procedural lapses by charitable trusts and ensuring legitimate claims for exemptions are not impeded by technical issues. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441935