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Trinity Education Trust v. ITO ( 2023) The Chamber’s Journal – April-P. 139 ( Surat )( Trib)

S. 11 : Property held for charitable purposes – Not filing of Form No .10B along with the return – Denial of exemption is not justified . [ S. 154 ]

CPC denied the exemption on the ground that the Form No10B was not filed along with the return . The assesse filed rectification application and filed the Form No 10B along with rectification application . On appeal the Tribunal held that benefit of section 11 cannot be denied merely on the ground of delay in filing form 10B .Relied on CIT v. Kalavani Mandal ( P) Ltd ( 2014) 41 taxmann.com 184  ( Guj)( HC )/ Sarvoday Charitable Trust v. ITO ( 2021) 125 taxmann.com 75 / 278 Taxman 148 ( Guj)( HC) ( AY. 2014 -15 )  ( ITA  No. 669/ SRT/ 2018  dt.  28/02/2022)