Judgement

A procedural lapse in filing the audit report in Form 10BB instead of Form 10B cannot, by itself, defeat such substantiative entitlement as held in CITVS Rajasthan and Gujrat Charitable foundation reported at (2018) 14 SCC 348

Procedural lapse in filing Trust's audit report in Form 10BB instead of Form 10B cannot lead to denial of Income Tax Exemption

Procedural lapse in filing audit report cannot lead to denial of Income Tax Exemption: High Court

News

CBDThas discovered that in a number of cases, trusts and institutions provided audit reports in Form 10B, although Form 10BB was required for the FY 2023-24.

CBDT allows Trusts/ Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

CBDT allows Trusts / Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

The Income Tax Department has released an updated e-filing utility and JSON schema for Form 10BB Audit Reports.

IT Department released updated E-filing Utility and JSON Schema for Form 10BB

The Income Tax Department has released Frequently Asked Questions (FAQs) on Form 10BB.

FAQs on Form 10BB released by Income Tax Department 

The Central Government has extended the deadline for Filing Income Tax Form 10B and Form 10BB for FY 22-23 via issuing Circular.

ITR and Audit Filing Due Date Extended

Articles

The All Gujarat Federation of Tax Consultants and Income Tax Bar Association has made representation before Nirmala Sitharaman for Deferment of Form 10B and Form 10BB by 1 Year.

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Procedural lapse in filing audit report cannot lead to denial of Income Tax Exemption: High Court

CBDT allows Trusts / Institutions to furnish Audit Report in Form 10B/10BB on or before 31st March 2024

IT Department released updated E-filing Utility and JSON Schema for Form 10BB

FAQs on Form 10BB released by Income Tax Department

ITR and Audit Filing Due Date Extended

Tax Association requests for Deferment of Form 10B and Form 10BB by 1 Year