Exemption denied for late form filing, but auditor report filed before notice. Income application claim allowed. No late fee for filing return on time.

Exemption denied for late form filing, but auditor report filed before notice. Income application claim allowed. No late fee for filing return on time. https://www.taxtmi.com/highlights?id=78595 ITAT held that denial of exemption u/s 11 due to late filing of form 10B was unjustified as the audit report was submitted before intimation u/s 143(1). Lack of mala fide intent was noted. Fee u/s 234F for delayed filing was deemed inapplicable as the return was filed before the due date u/s 139(1). Thus, the appeal of the assessee was allowed. en-us Tue, 18 Jun 2024 11:02:16 +0530 Tue, 18 Jun 2024 11:02:16 +0530 TaxTMI RSS Generator Exemption denied for late form filing, but auditor report filed before notice. Income application claim allowed. No late fee for filing return on time. https://www.taxtmi.com/highlights?id=78595 ITAT held that denial of exemption u/s 11 due to late filing of form 10B was unjustified as the audit report was submitted before intimation u/s 143(1). Lack of mala fide intent was noted. Fee u/s 234F for delayed filing was deemed inapplicable as the return was filed before the due date u/s 139(1). Thus, the appeal of the assessee was allowed. Highlights Income Tax Tue, 18 Jun 2024 11:02:16 +0530 https://www.taxtmi.com/highlights?id=78595