Allowing the appeal of the assessee, the Tribunal held that the requirement of filing an audit report in Form 10B before the due date as per rule 12A(1)(b) is directory in nature and not mandatory. Accordingly, the Assessing Officer was directed to allow the exemption. (AY. 2017-18, 2019-20)
Trilok Singh Bhandari Charitable Trust. v. TIO (2025) 213 ITD 63 (Delhi) (Trib.)(SMC)
S. 11: Property held for charitable purposes-The requirement of filing an audit report in Form 10B before the due date as per rule 12A(1)(b) is directory in nature and not mandatory-Directed to allow exemption. [S. 12, 12A(1)(b), Form No 10B]
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