![Orissa HC dismisses Writ Petition Challenging Audit Report being Premature [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Orissa-High-Court-Writ-Petition-Audit-Report-Orissa-HC-dismisses-Writ-Petition-Challenging-Orissa-HC-dismisses-Writ-Petition-Audit-Report-being-Premature-Taxscan.jpg "Orissa HC dismisses Writ Petition Challenging Audit Report being Premature [Read Order]")
Orissa HC dismisses Writ Petition Challenging Audit Report being Premature [Read Order]
The Orissa High Court dismissed the writ petition which challenged the audit report since it was premature. The petitioner, Shalimar Chemical...
![No Penalty u/s 53(1) of Tripura VAT Act in Absence of Prescribed Format of Audit Report: Tripura High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Tripura-VAT-Act-Absence-of-Prescribed-Format-of-Audit-Report-Audit-Report-Tripura-High-Court-VAT-Act-VAT-Taxscan.jpg "No Penalty u/s 53(1) of Tripura VAT Act in Absence of Prescribed Format of Audit Report: Tripura High Court [Read Order]")
![No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Section-10AA-Deduction-No-denial-of-Section-10AA-Deduction-Form-56F-Deduction-filing-Audit-Report-Audit-Report-Assessment-Proceedings-itat-taxscan.jpg "No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]")
![Failure of Assessee to Maintain Books of Account will not Attract a Penalty under Section 271B for Non-Furnishing of Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Failure-of-Assessee-to-Maintain-Books-of-Account-Books-of-Account-Assessee-Penalty-Non-Furnishing-of-Audit-Report-Audit-Report-ITAT-Taxscan.jpg "Failure of Assessee to Maintain Books of Account will not Attract a Penalty under Section 271B for Non-Furnishing of Audit Report: ITAT [Read Order]")
![Kerala HC halts Income Tax Recovery on Solidarity Movement of India till Decision on Audit Report Delay Condonation Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Kerala-High-Court-Income-Tax-Income-Tax-Recovery-Solidarity-Movement-Solidarity-Movement-of-India-Audit-Report-Condonation-Application-taxscan.jpg "Kerala HC halts Income Tax Recovery on Solidarity Movement of India till Decision on Audit Report Delay Condonation Application [Read Order]")
Rectification of Defects and Filing of Audit Report before Completion of Assessment: ITAT Allows Tax Exemption to Trust [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT ) while allowing the exemption to trust observed that the assessee rectified the defects and filed the audit report before completion of...
![Rectification of Defects and Filing of Audit Report before Completion of Assessment: ITAT Allows Tax Exemption to Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rectification-Filing-of-Audit-Report-Audit-Report-Completion-of-Assessment-Assessment-ITAT-Tax-Exemption-Trust-Taxscan.jpg "Rectification of Defects and Filing of Audit Report before Completion of Assessment: ITAT Allows Tax Exemption to Trust [Read Order]")
Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) has recently held that no penalty would be levied if the audit report under section 44B of Income Tax Act 1961 was furnished along with...
![Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Audit-Report-ITR-Assessment-ITAT-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]")
Non-discharge of Voluntarily Disclosed Tax-Liabilities in SVLDRS & VCES may attract trouble: Know Why
The Central Board of Indirect Taxes and Customs (CBIC) has recently notified the instructions for proper implementation of Sabka Vishwas (Legacy Dispute Resolution) Scheme [SVLDRS], 2019 as per the...
Income Tax Benefit to Trust u/s 11 cannot be Denied for Mere One Day Delay in filing of Audit Report: ITAT [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal (ITAT) has held that the Income Tax benefit to trust under Section 11 of the Income Tax Act 1961 could not be denied for mere one day delay in...
![Income Tax Benefit to Trust u/s 11 cannot be Denied for Mere One Day Delay in filing of Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Income-Tax-Benefit-to-Trust-Delay-in-filing-of-Audit-Report-filing-of-Audit-Report-Audit-Report-ITAT-taxscan.jpg "Income Tax Benefit to Trust u/s 11 cannot be Denied for Mere One Day Delay in filing of Audit Report: ITAT [Read Order]")
![Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Audit-Report-Income-Tax-Return-ITAT-Deduction-taxscan.jpg "Furnishing Audit Report along with Income Tax Return: ITAT allows Deduction u/s 11(1)(a) [Read Order]")
Lack of Guidance by Tax Professionals in Filing Audit Report with Income Tax Return: ITAT grants Exemption u/s 11 of Income Tax Act to Educational Trust [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ), granted exemption under Section 11 of the Income Tax Act, 1961 to educational trust on lack of guidance by tax professionals. The...
![Lack of Guidance by Tax Professionals in Filing Audit Report with Income Tax Return: ITAT grants Exemption u/s 11 of Income Tax Act to Educational Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Professionals-Tax-Filing-Audit-Report-Audit-Report-Income-Tax-Return-Income-Tax-ITAT-Income-Tax-Act-Educational-Trust-Trust-taxscan.jpg "Lack of Guidance by Tax Professionals in Filing Audit Report with Income Tax Return: ITAT grants Exemption u/s 11 of Income Tax Act to Educational Trust [Read Order]")
Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the exemption to Trusts under section 11 of the Income Tax Act, 1961 cannot be denied merely due to the delay in furnishing of the...
![Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Exemption-to-Trust-Denied-Merely-due-to-Delay-in-furnishing-of-Audit-Report-in-Form-10B-ITAT-TAXSCAN.jpg "Income Tax Exemption to Trust u/s 11 cannot be Denied Merely due to Delay in furnishing of Audit Report in Form 10B: ITAT [Read Order]")