https://www.taxtmi.com/caselaws?id=62477 The Tribunal upheld the first appellate authority's decision to set aside the assessment due to the non-submission of the audit report with the return. It determined that the audit report submission under s. 12A(b) of the IT Act is procedural, not mandatory, based on precedents from the Patna and Allahabad High Courts. The Tribunal directed the Income Tax Officer to conduct a fresh assessment considering the audit report, denying the Revenue's appeal and confirming the dismissal of the assessment based on the initial non-submission. en-us Thu, 11 Jun 1981 00:00:00 +0530 Thu, 20 Jan 2011 10:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62477 The Tribunal upheld the first appellate authority's decision to set aside the assessment due to the non-submission of the audit report with the return. It determined that the audit report submission under s. 12A(b) of the IT Act is procedural, not mandatory, based on precedents from the Patna and Allahabad High Courts. The Tribunal directed the Income Tax Officer to conduct a fresh assessment considering the audit report, denying the Revenue's appeal and confirming the dismissal of the assessment based on the initial non-submission. Case-Laws Income Tax Thu, 11 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62477