Tribunal held that furnishing of an audit report in Form 10B was a procedural provision, admitted the audit report in Form 10B and allowed the assessee the benefit of section 11 of the Income-tax Act, 1961; and on appeal by the Department, the High Court held, dismissing the appeal, that considering the reasons assigned by the Tribunal. SLP of the revenue dismissed on the ground of delay of 237 days as well as on the merits.(AY. 2021-22)
CIT v. Anjana Foundation (2026) 485 ITR 10 (SC) Editorial : CIT (E) v. Anjana Foundation (2026) 485 ITR 5 (Guj)(HC)
S. 11 : Property held for charitable purposes-Audit report not filed along with return-Furnishing of audit report in Form 10B a procedural provision-Order of Tribunal allowing the exemption affirmed by High Court-SLP of revenue dismissed on the ground of delay of 237 days as well as on merits. [S. 12, 143(1), Form No 10B, Art 136]
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