https://www.taxtmi.com/caselaws?id=439546 The Tribunal ruled in favor of the assessee, a charitable/religious trust, in a case involving exemption u/s 11/12. Despite the audit report not being filed with the return but before processing by the AO, the Tribunal held that the delay was a procedural defect and should not disentitle the assessee from exemption. The matter was remanded back to the AO for fresh assessment based on the audit report. The appeal of the assessee was allowed for statistical purposes, directing reassessment by the AO in compliance with the law. en-us Fri, 23 Jun 2023 00:00:00 +0530 Mon, 26 Jun 2023 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439546 The Tribunal ruled in favor of the assessee, a charitable/religious trust, in a case involving exemption u/s 11/12. Despite the audit report not being filed with the return but before processing by the AO, the Tribunal held that the delay was a procedural defect and should not disentitle the assessee from exemption. The matter was remanded back to the AO for fresh assessment based on the audit report. The appeal of the assessee was allowed for statistical purposes, directing reassessment by the AO in compliance with the law. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439546