https://www.taxtmi.com/caselaws?id=757655 The ITAT Jodhpur allowed the assessee's appeal regarding denial of section 11-12 exemption benefits. The assessee, a charitable trust, was denied exemption for failing to file Form 10B before the due date. Following precedents from Gujarat HC in Sarvodaya Charitable Trust and ITAT decisions, the tribunal held that when a trust substantially satisfies exemption conditions, it cannot be denied benefits merely due to delayed filing of Form 10B, especially given authorities' discretionary powers to condone delays. The tribunal directed the JAO to consider Form 10B and allow section 11 exemption, noting the form was filed within extended due date. en-us Mon, 12 Feb 2024 00:00:00 +0530 Fri, 30 Aug 2024 08:38:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757655 The ITAT Jodhpur allowed the assessee's appeal regarding denial of section 11-12 exemption benefits. The assessee, a charitable trust, was denied exemption for failing to file Form 10B before the due date. Following precedents from Gujarat HC in Sarvodaya Charitable Trust and ITAT decisions, the tribunal held that when a trust substantially satisfies exemption conditions, it cannot be denied benefits merely due to delayed filing of Form 10B, especially given authorities' discretionary powers to condone delays. The tribunal directed the JAO to consider Form 10B and allow section 11 exemption, noting the form was filed within extended due date. Case-Laws Income Tax Mon, 12 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757655