https://www.taxtmi.com/caselaws?id=782790 ITAT Ahmedabad allowed the assessee's appeal, holding that exemption u/s 11 could not be denied for AY 2019-20 on the ground of belated uploading of Form 10B or non-attachment of registration documents u/s 12A with the return. The Tribunal held that the amendment introduced by Finance Act 2020, mandating filing of the audit report one month prior to the due date of filing the return, is applicable only from AY 2020-21 and has no retrospective effect. Since the assessee filed Form 10B along with the return within the prescribed due date, disallowance of accumulation was unjustified. The CIT(A)'s order was set aside and exemption u/s 11 directed to be allowed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Wed, 03 Dec 2025 13:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782790 ITAT Ahmedabad allowed the assessee's appeal, holding that exemption u/s 11 could not be denied for AY 2019-20 on the ground of belated uploading of Form 10B or non-attachment of registration documents u/s 12A with the return. The Tribunal held that the amendment introduced by Finance Act 2020, mandating filing of the audit report one month prior to the due date of filing the return, is applicable only from AY 2020-21 and has no retrospective effect. Since the assessee filed Form 10B along with the return within the prescribed due date, disallowance of accumulation was unjustified. The CIT(A)'s order was set aside and exemption u/s 11 directed to be allowed. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782790