https://www.taxtmi.com/caselaws?id=312569 The ITAT Kolkata allowed the appeal of a charitable Trust registered under section 12A of the Income Tax Act, 1961, challenging the disallowance of corpus donation deductions. The Tribunal determined that the delay in filing Form 10B should have been condoned, based on Circular No. 10[F.NO.197/55/2018-ITA-I], thus granting relief to the assessee by deleting the addition made on account of corpus donations. This decision underscored the importance of adhering to CBDT Circulars in procedural matters for charitable trusts. en-us Wed, 22 Jan 2020 00:00:00 +0530 Mon, 26 Feb 2024 06:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312569 The ITAT Kolkata allowed the appeal of a charitable Trust registered under section 12A of the Income Tax Act, 1961, challenging the disallowance of corpus donation deductions. The Tribunal determined that the delay in filing Form 10B should have been condoned, based on Circular No. 10[F.NO.197/55/2018-ITA-I], thus granting relief to the assessee by deleting the addition made on account of corpus donations. This decision underscored the importance of adhering to CBDT Circulars in procedural matters for charitable trusts. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312569