Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
ITAT allowed the appeal regarding denial of exemption under section 11 for non-submission of audit report in Form 10B within prescribed time limits. The tribunal found that audit report was uploaded before the due date under section 139(4), though filed after the return. Relying on precedents from Gujarat HC in Anjana Foundation and ITAT Kolkata in Bangarh Educational Welfare Trust, the tribunal held that filing audit report constitutes a procedural requirement rather than substantive compliance. The delay was attributed to COVID-19 pandemic restrictions. ITAT directed the assessing officer to decide the section 11 exemption claim after accepting the belatedly filed Form 10B, treating procedural lapses as curable defects rather than fatal non-compliance warranting exemption denial.
ITAT allowed the appeal regarding denial of exemption under section 11 for non-submission of audit report in Form 10B within prescribed time limits. The tribunal found that audit report was uploaded before the due date under section 139(4), though filed after the return. Relying on precedents from Gujarat HC in Anjana Foundation and ITAT Kolkata in Bangarh Educational Welfare Trust, the tribunal held that filing audit report constitutes a procedural requirement rather than substantive compliance. The delay was attributed to COVID-19 pandemic restrictions. ITAT directed the assessing officer to decide the section 11 exemption claim after accepting the belatedly filed Form 10B, treating procedural lapses as curable defects rather than fatal non-compliance warranting exemption denial.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
