https://www.taxtmi.com/caselaws?id=462399 The Income Tax Appellate Tribunal allowed the appeal of a public charitable trust, setting aside denial of exemption under Sections 11 and 12 of the Income Tax Act, 1961. The AO had denied exemption due to 25-day delay in filing Audit Report in Form 10B beyond the prescribed due date. The Tribunal held that minor procedural delays, particularly during COVID-19 pandemic circumstances, cannot justify denial of exemption to registered charitable trusts. Following precedents including Gujarat HC ruling in Association of Indian Panelboard Manufacturer, the Tribunal emphasized that filing Form 10B is procedural requirement, not mandatory condition for exemption. The addition of Rs. 10,67,052/- was deleted, restoring the trust's entitlement to exemption and expenditure deductions. en-us Tue, 18 Jun 2024 00:00:00 +0530 Thu, 19 Jun 2025 18:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462399 The Income Tax Appellate Tribunal allowed the appeal of a public charitable trust, setting aside denial of exemption under Sections 11 and 12 of the Income Tax Act, 1961. The AO had denied exemption due to 25-day delay in filing Audit Report in Form 10B beyond the prescribed due date. The Tribunal held that minor procedural delays, particularly during COVID-19 pandemic circumstances, cannot justify denial of exemption to registered charitable trusts. Following precedents including Gujarat HC ruling in Association of Indian Panelboard Manufacturer, the Tribunal emphasized that filing Form 10B is procedural requirement, not mandatory condition for exemption. The addition of Rs. 10,67,052/- was deleted, restoring the trust's entitlement to exemption and expenditure deductions. Case-Laws Income Tax Tue, 18 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462399