https://www.taxtmi.com/caselaws?id=769351 The ITAT Ahmedabad set aside a revision order u/s 263 that denied exemption u/s 11 and 12 to a trust solely due to late filing of Form 10B. Following the Gujarat HC precedent in Brahmchari Wadi Trust, the tribunal held that where delay in filing Form 10B was due to internal administrative problems and caused no prejudice to revenue interests, exemption could not be denied for this procedural lapse alone. The assessee's appeal was allowed. en-us Tue, 22 Apr 2025 00:00:00 +0530 Thu, 24 Apr 2025 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769351 The ITAT Ahmedabad set aside a revision order u/s 263 that denied exemption u/s 11 and 12 to a trust solely due to late filing of Form 10B. Following the Gujarat HC precedent in Brahmchari Wadi Trust, the tribunal held that where delay in filing Form 10B was due to internal administrative problems and caused no prejudice to revenue interests, exemption could not be denied for this procedural lapse alone. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769351