https://www.taxtmi.com/caselaws?id=772789 ITAT Mumbai allowed assessee's appeal regarding denial of exemption under section 11 due to late filing of Form 10B. The Tribunal held that delayed uploading of Form 10B is merely regulatory, and if audit report was available during return filing but not submitted due to bona fide reasons, section 11 benefit cannot be denied to otherwise eligible assessee. Relying on Gujarat HC decisions in Mayur Foundation and Sarvodaya Charitable Trust cases, ITAT ruled that Form 10B can be submitted during assessment proceedings and substantial compliance with section 11 conditions over years cannot be negated for procedural delays. AO directed to allow exemption. en-us Wed, 11 Jun 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772789 ITAT Mumbai allowed assessee's appeal regarding denial of exemption under section 11 due to late filing of Form 10B. The Tribunal held that delayed uploading of Form 10B is merely regulatory, and if audit report was available during return filing but not submitted due to bona fide reasons, section 11 benefit cannot be denied to otherwise eligible assessee. Relying on Gujarat HC decisions in Mayur Foundation and Sarvodaya Charitable Trust cases, ITAT ruled that Form 10B can be submitted during assessment proceedings and substantial compliance with section 11 conditions over years cannot be negated for procedural delays. AO directed to allow exemption. Case-Laws Income Tax Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772789