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2020 (1) TMI 1675 - ITAT KOLKATAExemption u/s 11 & 12 - deduction of corpus donations disallowed on the ground that audit report in Form 10B was not filed along with the return of income - assessee filed rectification 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 to the assessee. Thus we condone the delay in filing Form No. 10B and delete the addition made of corpus donations - Appeal of the assessee.
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