https://www.taxtmi.com/caselaws?id=772942 ITAT Cuttack allowed the assessee's appeal regarding disallowance of exemption u/s 11(2) due to delayed filing of Form No.10. The tribunal held that delayed filing of Form No.10 is merely a procedural requirement and cannot lead to denial of exemption if the assessee is otherwise eligible. The court noted that s.13(9) was inserted from 01/04/2016 for A.Y. 2016-17 onwards, and no prima facie adjustment could be made u/s 143(1) for issues not included in such adjustments. Following precedents, the AO was directed to allow the exemption despite the procedural lapse. en-us Thu, 12 Jun 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772942 ITAT Cuttack allowed the assessee's appeal regarding disallowance of exemption u/s 11(2) due to delayed filing of Form No.10. The tribunal held that delayed filing of Form No.10 is merely a procedural requirement and cannot lead to denial of exemption if the assessee is otherwise eligible. The court noted that s.13(9) was inserted from 01/04/2016 for A.Y. 2016-17 onwards, and no prima facie adjustment could be made u/s 143(1) for issues not included in such adjustments. Following precedents, the AO was directed to allow the exemption despite the procedural lapse. Case-Laws Income Tax Thu, 12 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772942