https://www.taxtmi.com/caselaws?id=762608 The Tribunal allowed the appeal filed by the assessee, overturning the denial of exemption under section 11 of the Act for the assessment year in question. The Tribunal concluded that the delay in filing the audit report in Form 10B should not justify the denial of exemption, particularly when the assessee, a registered trust under section 12AA, had a history of compliance and had been granted exemptions in previous years. The Tribunal emphasized that technical grounds should not be a basis for denying exemption under section 11, especially for registered charitable trusts. en-us Thu, 28 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762608 The Tribunal allowed the appeal filed by the assessee, overturning the denial of exemption under section 11 of the Act for the assessment year in question. The Tribunal concluded that the delay in filing the audit report in Form 10B should not justify the denial of exemption, particularly when the assessee, a registered trust under section 12AA, had a history of compliance and had been granted exemptions in previous years. The Tribunal emphasized that technical grounds should not be a basis for denying exemption under section 11, especially for registered charitable trusts. Case-Laws Income Tax Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762608