https://www.taxtmi.com/caselaws?id=771226 ITAT Kolkata held that failure to file Form 10B with return constitutes procedural lapse, not grounds for denying section 11 exemption. The tribunal ruled that when all substantive conditions for exemption are met and trust activities are legitimate, technical non-compliance cannot defeat valid exemption claims. Relying on Gujarat Oil case precedent, the court emphasized directory nature of procedural requirements and substantial compliance sufficiency. Small delay in Form 10B submission was deemed condonable, and assessee's appeal was allowed with exemption granted. en-us Tue, 20 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771226 ITAT Kolkata held that failure to file Form 10B with return constitutes procedural lapse, not grounds for denying section 11 exemption. The tribunal ruled that when all substantive conditions for exemption are met and trust activities are legitimate, technical non-compliance cannot defeat valid exemption claims. Relying on Gujarat Oil case precedent, the court emphasized directory nature of procedural requirements and substantial compliance sufficiency. Small delay in Form 10B submission was deemed condonable, and assessee's appeal was allowed with exemption granted. Case-Laws Income Tax Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771226