https://www.taxtmi.com/caselaws?id=312744 The ITAT Ahmedabad ruled in favor of the assessee regarding exemption claims under Section 11. The tribunal held that filing Form 10/10B is directory, not mandatory, and failure to file before the due date cannot deny exemption under Section 11(2). The assessee had filed the original return with Form 10 but later filed a revised return claiming higher deduction under Section 11(2). The tribunal emphasized that since Form 10/10B was available when CPC passed intimation under Section 143(1), the procedural lapse was not fatal to the exemption claim. en-us Wed, 20 Dec 2023 00:00:00 +0530 Tue, 05 Mar 2024 08:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312744 The ITAT Ahmedabad ruled in favor of the assessee regarding exemption claims under Section 11. The tribunal held that filing Form 10/10B is directory, not mandatory, and failure to file before the due date cannot deny exemption under Section 11(2). The assessee had filed the original return with Form 10 but later filed a revised return claiming higher deduction under Section 11(2). The tribunal emphasized that since Form 10/10B was available when CPC passed intimation under Section 143(1), the procedural lapse was not fatal to the exemption claim. Case-Laws Income Tax Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312744