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TMI Blog2020 (1) TMI 1675X X X X Extracts X X X X X X X X Extracts X X X X ..... fication petition u/s 154 and had enclosed audit report in Form 10B - AO rejected the same on the ground that, the audit report was not attached with the return of income - HELD THAT:- As per CBDT Circular vide No. 10[F.NO.197/55/2018-ITA-I] held the delay in filing of Form no. 10B for the AY 2016-17 should have been condoned by the AO or by the ld. CIT(A) and the benefit should have been granted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,694/-. It claimed deduction u/s 11 12 of the Act. It also claimed exemption u/s 11(1)(d) of the Act on the ground that corpus donations are not income as they have been made with specific direction. 3. The Central Processing Centre, while processing return of the assessee u/s 143(1) of the Act, disallowed the claim of the assessee for deduction of corpus donations on the ground that, audit r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 018- 19 had directed the Income Tax Authorities to condone the delay in filing of Form No. 10B of the Act. 6. In view of the Circular, the delay in filing of Form no. 10B for the AY 2016-17 should have been condoned by the AO or by the ld. CIT(A) and the benefit should have been granted to the assessee. In view of the above, we condone the delay in filing Form No. 10B and we allow this appeal o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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