Exemption under section 11(2) Form No. 10 submitted within prescribed time but return of income not filed within due date

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The Tax Publishers Exemption under section 11(2)--Form No. 10 submitted within prescribed time but return of income not filed within due date Query A Charitable Trust having Registration under section 12 as well as under the Bombay Trust Act. The impugned issue is relevant to assessment year 2022-23. In order to get exemption under section 11(2) filed the required Form No. 10 within the time prescribed by law. Return of income was delayed and filed on 31-10-2023. While processing the return of income the CPC has denied exemption under section 11(2) stating Return of Income not filed with the time allowed under section 139(1). SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Exemption under section 11(2)--Form No. 10 submitted within prescribed time but return of income not filed within due date

Query

A Charitable Trust having Registration under section 12 as well as under the Bombay Trust Act.

The impugned issue is relevant to assessment year 2022-23.

In order to get exemption under section 11(2) filed the required Form No. 10 within the time prescribed by law.

Return of income was delayed and filed on 31-10-2023.

While processing the return of income the CPC has denied exemption under section 11(2) stating Return of Income not filed with the time allowed under section 139(1).