https://www.taxtmi.com/caselaws?id=430420 The Tribunal allowed the appeal, directing the AO to grant the exemption under Section 11 of the Income Tax Act. The decision emphasized substantive compliance over procedural errors and recognized the reasonable cause for the delay in filing the audit report. The ruling highlighted the importance of not causing undue hardship to taxpayers due to procedural lapses. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430420 The Tribunal allowed the appeal, directing the AO to grant the exemption under Section 11 of the Income Tax Act. The decision emphasized substantive compliance over procedural errors and recognized the reasonable cause for the delay in filing the audit report. The ruling highlighted the importance of not causing undue hardship to taxpayers due to procedural lapses. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430420