Non-Filing of Form 10B with ITR does not bar Exemption u/s 11 of Income Tax Act: ITAT [Read Order]

The tribunal acknowledged that filing Form 10B is procedural and a delay should not preclude claiming exemptions under Section 11 of the act
By Sneha Sukumaran Mullakkal - On August 22, 2024 1:05 pm - 2 mins read
ITR - ITAT - ITAT Delhi - Income Tax Act - Income Tax Appellate Tribunal - Form 10B - Section 11 Income Tax Act - Income Tax Return - ITAT news - Income tax news - taxscan

The Delhi Bench Of Income Tax Appellate Tribunal ( ITAT ) ruled that non-filing of Form No. 10B with Income Tax Return ( ITR ) is a procedural omission and cannot be a hindrance in claiming exemption under Section 11 of Income Tax Act, 1961. Bhagwant Kishore Memorial Educational Society, the appellant-assessee, a charitable society…

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