Khemani Charitable Trust Vs ITO Ward-1(4), Exemption, Kolkata

Parties Involved

Facts Summary

This is an appeal filed by the assessee, Khemani Charitable Trust, against the order dated 18.07.2025, passed by the ld.Addl/JCIT(A), Madurai, for the assessment year 2024-2025. The assessee had filed its return of income on 15/11/2024 along with form 10BB. However, the form 10B was not filed one month before the due date of filing the return. Consequently, the CPC issued an intimation under section 143(1) denying the assessee the benefit of deduction under section 11 of the Act as claimed. The assessee argued that the filing of form 10B was a procedural requirement and should not lead to denial of exemption under section 11 of the Act.…

Legal Issues

• 1. Whether the filing of form 10B along with the return of income, though belatedly, should lead to denial of exemption under section 11 of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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