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2022 (4) TMI 500 - AT - Income TaxExemption u/s 11 - exemption denied as assessee not furnishing the audit report in form No. 10B along with return of income filed by the assessee - HELD THAT:- Since the assessee in the instant case has got its accounts audited before the due date and has undisputedly filed the same before the completion of the assessment, therefore, we are of the considered opinion that the CIT(Appeals) is not justified in denying the claim of exemption u/s 11 on the allegation that form No. 10B has not been filed in time. Accordingly, order of the learned CIT(Appeals) is set aside and the grounds raised by the assessee on this issue are allowed.
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