https://www.taxtmi.com/caselaws?id=750911 The ITAT Jaipur allowed the assessee's appeal regarding denial of section 11 exemption due to delayed filing of audit report Form 10B. The assessee filed Form 10B on 28.01.2020 against the extended deadline of 31.10.2018. Following precedents from Gujarat HC in Sarvodaya Charitable Trust and ITAT decisions, the tribunal held that a public charitable trust substantially satisfying exemption conditions cannot be denied benefits merely due to belated audit report filing, especially when authorities have discretionary powers to condone delays. The JAO was directed to consider the belated Form 10B and allow section 11 exemption. en-us Mon, 01 Apr 2024 00:00:00 +0530 Tue, 02 Apr 2024 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750911 The ITAT Jaipur allowed the assessee's appeal regarding denial of section 11 exemption due to delayed filing of audit report Form 10B. The assessee filed Form 10B on 28.01.2020 against the extended deadline of 31.10.2018. Following precedents from Gujarat HC in Sarvodaya Charitable Trust and ITAT decisions, the tribunal held that a public charitable trust substantially satisfying exemption conditions cannot be denied benefits merely due to belated audit report filing, especially when authorities have discretionary powers to condone delays. The JAO was directed to consider the belated Form 10B and allow section 11 exemption. Case-Laws Income Tax Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750911