https://www.taxtmi.com/caselaws?id=449381 ITAT Ahmedabad allowed assessee's appeal against CPC adjustment under section 143(1) denying exemption under sections 11/12 for failure to file Form 10B one month prior to return due date. The tribunal held that filing Form 10B is merely a procedural requirement, not mandatory, citing Association of Indian Panelboard Manufacturer and Shree Bhairav Seva Samiti precedents. Since assessee had prepared Form 10B 70 days before filing return and subsequently filed it before CIT(A), exemption for entire income was granted. AO/CPC directed to delete the adjustment. en-us Wed, 07 Feb 2024 00:00:00 +0530 Fri, 09 Feb 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449381 ITAT Ahmedabad allowed assessee's appeal against CPC adjustment under section 143(1) denying exemption under sections 11/12 for failure to file Form 10B one month prior to return due date. The tribunal held that filing Form 10B is merely a procedural requirement, not mandatory, citing Association of Indian Panelboard Manufacturer and Shree Bhairav Seva Samiti precedents. Since assessee had prepared Form 10B 70 days before filing return and subsequently filed it before CIT(A), exemption for entire income was granted. AO/CPC directed to delete the adjustment. Case-Laws Income Tax Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449381