Condonation of delay in filing Form 10 to be allowed if assessee granted sec. 12AA registration with retro-effect

INCOME TAX : Where assessee trust did not file Form 10 earlier as at that time it was not enjoying registration under section 12AA, and immediately having received declaration under section 12AA with retrospective effect, assessee submitted declaration in Form 10 claiming benefit of accumulation of income under section 11(2), since assessee had explained delay in filling Form 10, satisfactorily, assessee's application seeking condonation of delay in filing Form 10 was to be allowed

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