https://www.taxtmi.com/caselaws?id=30734 The court ruled in favor of the assessee, allowing exemption under section 11 despite not filing the audit report in Form No. 10B as required by section 12A(b) of the Income-tax Act, 1961. The court held that the Assessing Officer has discretion to consider the audit report even if not submitted with the return, based on previous judgments and interpretations of the law. The court also confirmed that the requirement to submit the audit report along with the return of income under section 32AB is not mandatory, following established precedents. The appeal was disposed of in favor of the assessee, maintaining consistency with legal interpretations and precedents. en-us Tue, 14 Aug 2007 00:00:00 +0530 Thu, 18 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30734 The court ruled in favor of the assessee, allowing exemption under section 11 despite not filing the audit report in Form No. 10B as required by section 12A(b) of the Income-tax Act, 1961. The court held that the Assessing Officer has discretion to consider the audit report even if not submitted with the return, based on previous judgments and interpretations of the law. The court also confirmed that the requirement to submit the audit report along with the return of income under section 32AB is not mandatory, following established precedents. The appeal was disposed of in favor of the assessee, maintaining consistency with legal interpretations and precedents. Case-Laws Income Tax Tue, 14 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30734