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2008 (8) TMI 476 - HC - Income TaxThis petition seeks quashing of order passed by the Chief Commissioner of Income-tax rejecting the application of the petitioner under section 10(23C)(iv) – Exemption under section 10(23C)(iv) – Audit report submitted subsequent to return – minor defect in application - The view taken in the impugned order is highly technical. The provision having been substantially complied with, the audit report should have been taken into account even if, strictly speaking, it was not filed with the return and not in Form 10BB but in Form 10B as stated in the impugned order. This made no difference to the spirit of the requirement laid down. - application of the petitioner under section 10(23C)(iv) to be considered
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