https://www.taxtmi.com/caselaws?id=781178 ITAT AHMEDABAD - AT allowed the appeal, holding that a belated return filed under s.139(4) together with delayed Form 10B constitutes substantial compliance with s.12A(1)(b) and does not warrant denial of exemption under s.11. Relying on CBDT circulars and recent ITAT precedents, the Tribunal treated a return under s.139(4) as valid for meeting the time requirements of s.139(1) for s.11 purposes and rejected the argument that procedural delay in filing the audit report justified disallowance, emphasizing liberal construction of charitable exemptions. en-us Tue, 28 Oct 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781178 ITAT AHMEDABAD - AT allowed the appeal, holding that a belated return filed under s.139(4) together with delayed Form 10B constitutes substantial compliance with s.12A(1)(b) and does not warrant denial of exemption under s.11. Relying on CBDT circulars and recent ITAT precedents, the Tribunal treated a return under s.139(4) as valid for meeting the time requirements of s.139(1) for s.11 purposes and rejected the argument that procedural delay in filing the audit report justified disallowance, emphasizing liberal construction of charitable exemptions. Case-Laws Income Tax Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781178