https://www.taxtmi.com/caselaws?id=762379 ITAT Mumbai allowed assessee trust's appeal regarding denial of exemption under Section 11(2). Revenue denied exemption because Form 10 was filed physically instead of electronically as required by amended Rule 17 effective from Assessment Year 2016-17. ITAT held that since assessee filed Form 10 physically before due date and later filed Form 10B electronically showing accumulation of INR 7.34 crores, exemption cannot be denied merely for non-electronic filing. Following precedents in Parle Hindu Devalaya Mandal and Navodaya Education Trust cases, ITAT ruled against revenue, granting exemption to assessee. en-us Wed, 09 Oct 2024 00:00:00 +0530 Fri, 20 Dec 2024 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762379 ITAT Mumbai allowed assessee trust's appeal regarding denial of exemption under Section 11(2). Revenue denied exemption because Form 10 was filed physically instead of electronically as required by amended Rule 17 effective from Assessment Year 2016-17. ITAT held that since assessee filed Form 10 physically before due date and later filed Form 10B electronically showing accumulation of INR 7.34 crores, exemption cannot be denied merely for non-electronic filing. Following precedents in Parle Hindu Devalaya Mandal and Navodaya Education Trust cases, ITAT ruled against revenue, granting exemption to assessee. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762379