https://www.taxtmi.com/caselaws?id=436343 The Tribunal allowed the appeal of the assessee, ruling in favor of eligibility for deduction u/s 11 of the Income Tax Act. The Tribunal considered the timely rectification of the deficiency in filing the audit report in Form No. 10B as substantial compliance with procedural requirements, making the assessee entitled to the deduction. The Tribunal emphasized the importance of fulfilling procedural obligations within the stipulated time frame, following legal precedents and relevant case laws to support its decision, ultimately deeming the addition by the AO unjustified. en-us Fri, 24 Feb 2023 00:00:00 +0530 Tue, 11 Apr 2023 09:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436343 The Tribunal allowed the appeal of the assessee, ruling in favor of eligibility for deduction u/s 11 of the Income Tax Act. The Tribunal considered the timely rectification of the deficiency in filing the audit report in Form No. 10B as substantial compliance with procedural requirements, making the assessee entitled to the deduction. The Tribunal emphasized the importance of fulfilling procedural obligations within the stipulated time frame, following legal precedents and relevant case laws to support its decision, ultimately deeming the addition by the AO unjustified. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436343