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Case lawITAT › Saguna Rural Foundation v Exemption Ward 2(3), Mumbai
ITATHelps taxpayerValidity unconfirmeds.11s.11(1)(a)s.11(2)s.11(3A)s.13(9)s.119(2)(b)s.139(1)s.139(4)s.143(1)s.143(1)(a)(ii)s.10Bs.234As.234Bs.234C

Saguna Rural Foundation v Exemption Ward 2(3), Mumbai

CPC denied my s.11(2) accumulation because Form 10 was filed after the s.139(1) due date, and the CIT(A) said s.13(9) settles it. Can the Tribunal still help me?

CPC denied my s.11(2) accumulation because Form 10 was filed after the s.139(1) due date, and the CIT(A) said s.13(9) settles it. Can the Tribunal still help me?

Yes. Following the jurisdictional High Court in CIT v Sakal Relief Fund, the Mumbai Tribunal held that filing Form No. 10 before completion of assessment satisfies s.11(2), so a s.143(1) denial founded only on the s.139(1) due date cannot stand. The matter was restored to the Assessing Officer for the limited purpose of checking that the stated purpose of accumulation matches the objects and is backed by a trustees' resolution, with an express direction not to deny exemption on merely technical grounds.

Decided by the ITAT (Pawan Singh JM and Makarand Vasant Mahadeokar AM) on 2026-05-04, reported as ITA No. 654/Mum/2026 (ITAT Mumbai 'D' Bench). It bears on section 11, section 11(1)(a), section 11(2), section 11(3A), section 13(9), section 119(2)(b), section 139(1), section 139(4), section 143(1), section 143(1)(a)(ii), section 10B, section 234A, section 234B, section 234C of the Income Tax Act 1961, in Charitable Trusts & Exemption and Capital Gains Exemptions matters.

Validity check could not be completed. Validity check could not be completed; no later treatment was searched for. The tension in the area is not resolved by this order: the CIT(A)'s reading of s.13(9) — that both the return and Form No. 10 must be within the s.139(1) time from AY 2016-17 — was not addressed on its own terms, the Tribunal instead applying the pre-s.13(9) Bombay line in Sakal Relief Fund through s.139(4). A practitioner should expect the Revenue to press s.13(9) again, and should note that this order is not authority on whether s.13(9) displaces Sakal Relief Fund.

Why it matters

This is the case for the trust that has already lost its condonation application before the CIT (Exemptions), because the Tribunal decided the appeal on merits notwithstanding the s.119(2)(b) rejection and notwithstanding the CIT(A)'s reliance on s.13(9). It also shows how a first appellate authority resists: the CIT(A) held that s.13(9), inserted by the Finance Act 2015 from AY 2016-17, denies s.11(2) unless both the return and Form No. 10 are within the s.139(1) time, and that CBDT circulars give condonation power to the jurisdictional Commissioner and not to an appellate authority. The Tribunal did not overrule that reasoning head on; it went round it through Sakal Relief Fund and the s.139(4) route. Note the second issue too: the Revenue relied on a revised Form No. 10 filed a year later that changed the purpose of accumulation without the prior approval s.11(3A) requires — the Tribunal would not act on it because that Form was not on the record before it.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

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