https://www.taxtmi.com/caselaws?id=444336 ITAT (Ahmedabad) held that filing Form 10B required under s.12A is directory, and AO may accept a belated audit report any time before completion of assessment or before appellate authorities. The tribunal noted the belated Form 10B filed was not considered by the AO or appellate body and no regular assessment under s.143(3) existed. The matter is remitted to the jurisdictional AO to verify the belated Form 10B, afford the assessee opportunity of being heard, and decide the claim for exemption under s.11 in accordance with law; the assessee's grounds were allowed. en-us Wed, 11 Oct 2023 00:00:00 +0530 Fri, 07 Nov 2025 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444336 ITAT (Ahmedabad) held that filing Form 10B required under s.12A is directory, and AO may accept a belated audit report any time before completion of assessment or before appellate authorities. The tribunal noted the belated Form 10B filed was not considered by the AO or appellate body and no regular assessment under s.143(3) existed. The matter is remitted to the jurisdictional AO to verify the belated Form 10B, afford the assessee opportunity of being heard, and decide the claim for exemption under s.11 in accordance with law; the assessee's grounds were allowed. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444336