https://www.taxtmi.com/caselaws?id=464663 ITAT BANGALORE condoned a seven-day delay in filing Form 10B as a procedural lapse, held that only income net of charitable expenses - not the entire receipts - is taxable, and found AO erred in disallowing trust expenses. The matter is restored to CIT(A) to determine and allow s.11 benefits in accordance with law. Appeal by the trust is allowed. en-us Tue, 25 Jun 2024 00:00:00 +0530 Sat, 08 Nov 2025 14:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464663 ITAT BANGALORE condoned a seven-day delay in filing Form 10B as a procedural lapse, held that only income net of charitable expenses - not the entire receipts - is taxable, and found AO erred in disallowing trust expenses. The matter is restored to CIT(A) to determine and allow s.11 benefits in accordance with law. Appeal by the trust is allowed. Case-Laws Income Tax Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464663