Trust Granted Tax Exemption Despite Late Filing, Tribunal Overrules CIT(A) on Due Date Interpretation and Form 10B Issue.

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....The ITAT Ahmedabad considered a case involving exemption u/s 11 for a trust with a belatedly filed income return. The tribunal held that the trust, registered u/s 12AA, was eligible for deduction as a charitable trust. It noted the amendment to Section 139(4) post the Finance Act, 2016, allowing filing within one year from the end of the relevant assessment year. The tribunal disagreed with the CIT(A)'s interpretation of the due date. The trust mistakenly reported an amount under the wrong section in the return, but as the filed return was valid and processed u/s 143(1), the CIT(A)'s rejection was deemed unjust. The tribunal also addressed the late filing of form 10B, citing the proviso to section 143(1)(a) and a previous decision condoning.........