https://www.taxtmi.com/caselaws?id=765057 The dominant issue was whether exemption under s.11 could be denied solely for non-filing of audit report in Form 10B along with the return. The Tribunal held that furnishing Form 10B is a directory requirement intended to facilitate assessment and is not mandatory; where the assessee is a charitable trust carrying on charitable activities, mere non-filing of Form 10B with the return cannot defeat the statutory benefit. Relying on prior ITAT precedent, the denial of s.11 exemption was set aside and the exemption claim was allowed in favour of the assessee. en-us Wed, 22 Jan 2025 00:00:00 +0530 Wed, 07 Jan 2026 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765057 The dominant issue was whether exemption under s.11 could be denied solely for non-filing of audit report in Form 10B along with the return. The Tribunal held that furnishing Form 10B is a directory requirement intended to facilitate assessment and is not mandatory; where the assessee is a charitable trust carrying on charitable activities, mere non-filing of Form 10B with the return cannot defeat the statutory benefit. Relying on prior ITAT precedent, the denial of s.11 exemption was set aside and the exemption claim was allowed in favour of the assessee. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765057