https://www.taxtmi.com/caselaws?id=445844 ITAT Bangalore ruled on a trust's exemption claim under Section 11 where CPC denied exemption for late filing of audit report in Form 10B. The tribunal found that intimation under Section 143(1) cannot disallow claims requiring further inquiry without giving opportunity to the assessee. The matter was remitted to AO for proper computation of total income on income rather than gross receipts. Regarding the audit report filing delay, ITAT accepted the technical glitches in e-portal explanation and applied SC's COVID-19 period exclusion judgment, directing AO to grant exemption as the filing was within extended time limits. Appeal was partly allowed for statistical purposes. en-us Thu, 17 Aug 2023 00:00:00 +0530 Mon, 20 Nov 2023 21:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445844 ITAT Bangalore ruled on a trust's exemption claim under Section 11 where CPC denied exemption for late filing of audit report in Form 10B. The tribunal found that intimation under Section 143(1) cannot disallow claims requiring further inquiry without giving opportunity to the assessee. The matter was remitted to AO for proper computation of total income on income rather than gross receipts. Regarding the audit report filing delay, ITAT accepted the technical glitches in e-portal explanation and applied SC's COVID-19 period exclusion judgment, directing AO to grant exemption as the filing was within extended time limits. Appeal was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445844