#Form 10B

Calcutta High Court rules that inadvertent filing of Form 10BB instead of Form 10B does not defeat Section 12A exemption for charitable trusts, emphasizing substance over procedural technicalities. The authority is directed to decide the pending condonation application within one month, reinforcing CBDT's circular on condonation of delays.

The ITAT Delhi has ruled that denying tax exemption under Section 11 due to non-filing of Form 10B is legally unsustainable when a charitable trust's total receipts are below Rs.5 crores. This sets a critical precedent for small trusts navigating audit compliance, affirming that statutory exemptions cannot be contingent on unnecessary procedural formalities.

ITAT Ahmedabad rules that charitable trusts can claim deductions under Sections 11 and 12 of the Income Tax Act even if Form 10B is filed after the due date, provided it is submitted with the return and the audit is completed. The ruling emphasizes substantive compliance over rigid procedural timelines, offering relief to trusts facing disallowances for minor delays.

ITAT Delhi rules that charitable trusts remain eligible for Section 11 exemption despite delayed Form 10B filing, provided the audit report is submitted during appellate proceedings. The decision prioritizes substantive compliance over procedural delays, offering relief to trusts facing similar technical defaults.

ITAT Delhi holds that failure to file Form 10B on time does not automatically disqualify charitable trusts from exemption under Sections 11 and 12 of the Income Tax Act.