Suresh Shroff Memorial Trust Vs. ITO (Exemption) Ward 2(2), Mumbai
Case No: I.T.A. No. 5743/Mum/2025
Court: INCOME TAX APPELLATE TRIBUNAL, 'G' BENCH, MUMBAI
Date: 1/23/2026
Parties Involved
appellantSuresh Shroff Memorial Trust
respondentITO (Exemption) Ward 2(2), Mumbai
Facts Summary
The Suresh Shroff Memorial Trust, a charitable trust, filed its return of income declaring total income as NIL for the assessment year 2017-18. The Assessing Officer (AO) denied the exemption under Section 11 of the Income Tax Act, 1961 and assessed the total income at Rs. 1,16,60,070/- for the late filing of Form 10B. The Commissioner of Income Tax, Appeal (CIT(A)) confirmed the addition in an ex parte order. The Authorized Representative (AR) for the appellant argued that the delay in filing F…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the exemption under Section 11 should be denied for late filing of Form 10B?