https://www.taxtmi.com/caselaws?id=294869 The Appellate Tribunal upheld the decision of the Ld. CIT(A) and dismissed the Revenue's appeal regarding the deletion of disallowance of exemption claim under section 11 of the Income Tax Act, 1961. The Tribunal found that the assessee had obtained the audit report before filing the return of income, meeting the statutory requirement. It considered precedents where filing the audit report along with the return of income was seen as directory, not mandatory, and confirmed the Ld. CIT(A)'s order based on timely compliance by the assessee. en-us Mon, 06 May 2019 00:00:00 +0530 Fri, 07 May 2021 08:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294869 The Appellate Tribunal upheld the decision of the Ld. CIT(A) and dismissed the Revenue's appeal regarding the deletion of disallowance of exemption claim under section 11 of the Income Tax Act, 1961. The Tribunal found that the assessee had obtained the audit report before filing the return of income, meeting the statutory requirement. It considered precedents where filing the audit report along with the return of income was seen as directory, not mandatory, and confirmed the Ld. CIT(A)'s order based on timely compliance by the assessee. Case-Laws Income Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294869