https://www.taxtmi.com/caselaws?id=447027 ITAT Surat allowed the appeal where exemption under section 11 was denied for non-filing of Form 10B prior to return filing. The assessee filed Form 10B on 04.08.2022 after return submission but before assessment completion on 23.08.2022, citing IT website technical issues for initial delay. Following Gujarat HC precedent in Gujarat Oil Allied Industries case, ITAT held that exemption benefit should not be denied merely for delayed audit report filing if submitted before assessment completion. The tribunal deleted the disallowances and granted the exemption claim. en-us Thu, 14 Dec 2023 00:00:00 +0530 Fri, 15 Dec 2023 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447027 ITAT Surat allowed the appeal where exemption under section 11 was denied for non-filing of Form 10B prior to return filing. The assessee filed Form 10B on 04.08.2022 after return submission but before assessment completion on 23.08.2022, citing IT website technical issues for initial delay. Following Gujarat HC precedent in Gujarat Oil Allied Industries case, ITAT held that exemption benefit should not be denied merely for delayed audit report filing if submitted before assessment completion. The tribunal deleted the disallowances and granted the exemption claim. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447027