https://www.taxtmi.com/caselaws?id=759264 The ITAT Delhi allowed the assessee's claim under Section 11 despite non-filing of audit report in Form 10B with the return. The CIT(A) had rejected the claim, stating only CIT(Exemptions) could condone the delay. The ITAT held that filing Form 10B is directory, not mandatory, citing CBDT's relaxation in earlier years and HC precedents. The tribunal directed the AO to allow the Section 11 exemption claim, ruling in favor of the assessee. en-us Wed, 31 Jul 2024 00:00:00 +0530 Wed, 25 Sep 2024 16:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759264 The ITAT Delhi allowed the assessee's claim under Section 11 despite non-filing of audit report in Form 10B with the return. The CIT(A) had rejected the claim, stating only CIT(Exemptions) could condone the delay. The ITAT held that filing Form 10B is directory, not mandatory, citing CBDT's relaxation in earlier years and HC precedents. The tribunal directed the AO to allow the Section 11 exemption claim, ruling in favor of the assessee. Case-Laws Income Tax Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759264