https://www.taxtmi.com/caselaws?id=796094 Belated furnishing of Form No. 10 does not by itself bar a charitable trust's exemption claim for accumulated income under Section 11(2) if the prescribed information was available to the Assessing Officer before completion of assessment. Although furnishing the form is mandatory, compliance is sufficient when it is on record before return processing. The exemption claim must nevertheless be reconsidered on its merits, including verification of the factual conditions governing accumulation. en-us Tue, 28 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796094 Belated furnishing of Form No. 10 does not by itself bar a charitable trust's exemption claim for accumulated income under Section 11(2) if the prescribed information was available to the Assessing Officer before completion of assessment. Although furnishing the form is mandatory, compliance is sufficient when it is on record before return processing. The exemption claim must nevertheless be reconsidered on its merits, including verification of the factual conditions governing accumulation. Case-Laws Income Tax Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796094