Held that the assessee had obtained audit report in Form 10B before filing return of income, however filed same belatedly but before completion of assessment under section 143(1), it being a procedural lapse on part of assessee, benefit of exemption under section 11 could not be denied to assessee-trust, as filing of Form 10B is directory and not mandatory in nature. (AY. 2016-17)
Puran Chand Arora Charitable Trust. v. ITO Exemption (2025) 211 ITD 678 (Delhi) (Trib.)
S. 11 : Property held for charitable purposes-Non-filing of Form 10B-Directory-Exemption cannot be denied. [S. 143(1), Form No 10B]
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