Form 10B Filed One Day Late: Can Section 11 Exemption Be Denied?
Can a charitable trust lose its Section 11 exemption because Form 10B was filed just one day late? The ITAT Chennai ruling in M.N. Chickkanna Chettiar Trust v. ACIT examines the ₹49.40 lakh tax demand and explains why procedural delay alone cannot justify denial of exemption.