https://www.taxtmi.com/caselaws?id=445506 The Tribunal allowed the appeal by the appellant, a trust registered under section 12A, against the order of the CIT(A) which dismissed the appeal for non-compliance and upheld the addition of Rs. 31,84,320 by disallowing the exemption under section 11(2) of the Income Tax Act 1961. The Tribunal found that filing the audit report in Form No.10 during assessment proceedings constituted valid compliance, allowing the benefit of income accumulation under section 11(2). The AO was directed to verify and extend the claimed benefit, with the order pronounced on 07.11.2023. en-us Tue, 07 Nov 2023 00:00:00 +0530 Wed, 08 Nov 2023 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445506 The Tribunal allowed the appeal by the appellant, a trust registered under section 12A, against the order of the CIT(A) which dismissed the appeal for non-compliance and upheld the addition of Rs. 31,84,320 by disallowing the exemption under section 11(2) of the Income Tax Act 1961. The Tribunal found that filing the audit report in Form No.10 during assessment proceedings constituted valid compliance, allowing the benefit of income accumulation under section 11(2). The AO was directed to verify and extend the claimed benefit, with the order pronounced on 07.11.2023. Case-Laws Income Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445506