https://www.taxtmi.com/caselaws?id=783427 The ITAT Ahmedabad allowed the assessee-trust's appeal and restored exemption under sections 11 and 12. It held that the delay in filing Form 10B was a procedural lapse and not a substantive defect, since the statutory requirement of obtaining and furnishing an audit report was ultimately complied with during the pendency of first appellate proceedings before the CIT(A). As the trust otherwise fulfilled the conditions for exemption and Form 10B was on record before conclusion of appellate proceedings, denial of exemption solely on the ground of belated filing was unjustified. The Tribunal treated delayed filing of Form 10B as a curable defect that cannot extinguish the assessee's statutory entitlement to exemption. en-us Thu, 11 Dec 2025 00:00:00 +0530 Tue, 16 Dec 2025 08:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783427 The ITAT Ahmedabad allowed the assessee-trust's appeal and restored exemption under sections 11 and 12. It held that the delay in filing Form 10B was a procedural lapse and not a substantive defect, since the statutory requirement of obtaining and furnishing an audit report was ultimately complied with during the pendency of first appellate proceedings before the CIT(A). As the trust otherwise fulfilled the conditions for exemption and Form 10B was on record before conclusion of appellate proceedings, denial of exemption solely on the ground of belated filing was unjustified. The Tribunal treated delayed filing of Form 10B as a curable defect that cannot extinguish the assessee's statutory entitlement to exemption. Case-Laws Income Tax Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783427