https://www.taxtmi.com/caselaws?id=767059 The ITAT Kolkata held that late filing of Form No.10 after the statutory deadline under Section 139(1) constitutes a procedural delay and cannot be grounds for denying legitimate exemption under Section 11(2). The tribunal ruled that returns filed under both Section 139(1) and 139(4) are considered timely filed within the allowed timeframe. Following precedents from Calcutta HC and Gujarat HC, the tribunal determined that procedural omissions cannot impede statutory exemption claims. The case was decided in favor of the assessee, allowing the exemption despite the delayed form submission. en-us Mon, 24 Feb 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767059 The ITAT Kolkata held that late filing of Form No.10 after the statutory deadline under Section 139(1) constitutes a procedural delay and cannot be grounds for denying legitimate exemption under Section 11(2). The tribunal ruled that returns filed under both Section 139(1) and 139(4) are considered timely filed within the allowed timeframe. Following precedents from Calcutta HC and Gujarat HC, the tribunal determined that procedural omissions cannot impede statutory exemption claims. The case was decided in favor of the assessee, allowing the exemption despite the delayed form submission. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767059