https://www.taxtmi.com/caselaws?id=782027 ITAT Ahmedabad-AT allowed the appeal of the assessee trust, restoring exemption u/s 11. The trust was duly registered u/s 12A and had filed its return within the extended time permitted u/s 139(4) pursuant to an order u/s 119(2)(a), though beyond the due date u/s 139(1). Form 10B audit report was also filed, albeit belatedly. ITAT held that such delay was a mere procedural lapse and that substantial compliance with s.12A(1)(b) was achieved. Denial of exemption by CPC u/s 143(1) solely for late filing of Form 10B was held unjustified, and the trust's income was directed to be exempt. en-us Wed, 29 Oct 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782027 ITAT Ahmedabad-AT allowed the appeal of the assessee trust, restoring exemption u/s 11. The trust was duly registered u/s 12A and had filed its return within the extended time permitted u/s 139(4) pursuant to an order u/s 119(2)(a), though beyond the due date u/s 139(1). Form 10B audit report was also filed, albeit belatedly. ITAT held that such delay was a mere procedural lapse and that substantial compliance with s.12A(1)(b) was achieved. Denial of exemption by CPC u/s 143(1) solely for late filing of Form 10B was held unjustified, and the trust's income was directed to be exempt. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782027