https://www.taxtmi.com/caselaws?id=756977 The ITAT Delhi ruled in favor of the assessee, a society registered under section 12AA, granting exemption under section 11 for AY 2021-22. The Tribunal found the denial of exemption unjustified, as the assessee had complied with the law by applying for fresh registration under section 12AB within the allowed time. The Tribunal also determined that the late filing of the audit report in Form 10B was a procedural issue and did not invalidate the exemption claim, provided the report was available to the assessing officer before assessment completion. The Tribunal emphasized the protection offered by the original registration under section 12AA. en-us Fri, 02 Aug 2024 00:00:00 +0530 Tue, 13 Aug 2024 07:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756977 The ITAT Delhi ruled in favor of the assessee, a society registered under section 12AA, granting exemption under section 11 for AY 2021-22. The Tribunal found the denial of exemption unjustified, as the assessee had complied with the law by applying for fresh registration under section 12AB within the allowed time. The Tribunal also determined that the late filing of the audit report in Form 10B was a procedural issue and did not invalidate the exemption claim, provided the report was available to the assessing officer before assessment completion. The Tribunal emphasized the protection offered by the original registration under section 12AA. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756977