https://www.taxtmi.com/caselaws?id=419432 The Tribunal dismissed the Department's appeal and upheld the CIT(A)'s decision to allow exemption under Section 11 of the Income-tax Act, 1961, to the assessee. The Tribunal emphasized that the late filing of the audit report in Form 10B during the appellate proceedings should not disentitle the assessee from claiming the exemption. The Tribunal found no fault in the CIT(A)'s approach and affirmed the order, directing the AO to consider the audit report and allow the exemption claim. en-us Mon, 07 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419432 The Tribunal dismissed the Department's appeal and upheld the CIT(A)'s decision to allow exemption under Section 11 of the Income-tax Act, 1961, to the assessee. The Tribunal emphasized that the late filing of the audit report in Form 10B during the appellate proceedings should not disentitle the assessee from claiming the exemption. The Tribunal found no fault in the CIT(A)'s approach and affirmed the order, directing the AO to consider the audit report and allow the exemption claim. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419432