https://www.taxtmi.com/caselaws?id=771855 The ITAT Pune upheld the CIT(A)/NFAC's decision allowing exemption u/s 10(23C)(v) despite the trust's belated filing of Form 10BB. The tribunal relied on Gujarat HC's decision in Anjana Foundation, which followed SC's Wipro Limited ruling, holding that filing the audit report during assessment proceedings constitutes sufficient compliance for claiming exemption. The tribunal distinguished revenue's cited cases as inapplicable to the present facts and found no infirmity in the lower authority's order granting the exemption claim. en-us Mon, 26 May 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771855 The ITAT Pune upheld the CIT(A)/NFAC's decision allowing exemption u/s 10(23C)(v) despite the trust's belated filing of Form 10BB. The tribunal relied on Gujarat HC's decision in Anjana Foundation, which followed SC's Wipro Limited ruling, holding that filing the audit report during assessment proceedings constitutes sufficient compliance for claiming exemption. The tribunal distinguished revenue's cited cases as inapplicable to the present facts and found no infirmity in the lower authority's order granting the exemption claim. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771855