Exemption u/s 11 should not be Denied Merely on Account of Delay in Furnishing the Audit Report in Form No. 10B: ITAT [Read Order]

Exemption - Delay - Furnishing the Audit Report - Audit Report - Form No. 10B - ITAT - Taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the exemption under Section 11 of the Income Tax Act 1961 should not be denied merely on account of delay in furnishing the audit report in Form 10B. The assessee, Laxmanarayan Dev Shrishan Seva Khendra, was a Public Charitable Trust engaged in various…

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