https://www.taxtmi.com/caselaws?id=782110 ITAT Raipur dismissed the assessee-trust's appeal and upheld the CPC/AO and CIT(A)/NFAC orders denying exemption u/s 11. The Tribunal noted that the assessee, though registered u/s 12A/12AA/12AB, failed to e-file the audit report in Form 10B within the prescribed time and, in fact, did not file it at all. Consequently, exemption u/s 11(1)(d) and related claims in Part B-TI were disallowed. The trust was assessed as an AOP, taxed on its entire receipts without allowing application-of-income expenses. Case law cited by the assessee was held inapplicable. en-us Thu, 17 Jul 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782110 ITAT Raipur dismissed the assessee-trust's appeal and upheld the CPC/AO and CIT(A)/NFAC orders denying exemption u/s 11. The Tribunal noted that the assessee, though registered u/s 12A/12AA/12AB, failed to e-file the audit report in Form 10B within the prescribed time and, in fact, did not file it at all. Consequently, exemption u/s 11(1)(d) and related claims in Part B-TI were disallowed. The trust was assessed as an AOP, taxed on its entire receipts without allowing application-of-income expenses. Case law cited by the assessee was held inapplicable. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782110