https://www.taxtmi.com/caselaws?id=437506 The Tribunal allowed the appeal, condoning the delay in filing the first appeal and remanding the matter for fresh assessment considering the audit report. The assessee was found entitled to exemption under Section 11/12 despite the late filing of the audit report. Alternative grounds regarding the assessment of taxable income on a net income basis were not adjudicated as the primary grounds were successful. en-us Tue, 18 Apr 2023 00:00:00 +0530 Mon, 08 May 2023 07:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437506 The Tribunal allowed the appeal, condoning the delay in filing the first appeal and remanding the matter for fresh assessment considering the audit report. The assessee was found entitled to exemption under Section 11/12 despite the late filing of the audit report. Alternative grounds regarding the assessment of taxable income on a net income basis were not adjudicated as the primary grounds were successful. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437506