https://www.taxtmi.com/caselaws?id=457994 ITAT Bangalore allowed the appeal, ruling that filing audit reports along with income tax returns is directory, not mandatory for section 11 exemption claims. The tribunal found CIT(A)'s denial incorrect as the return was filed timely and Form 10 was filed electronically. Citing SC precedent that procedures are servants not tyrants, ITAT held that audit report availability before AO during section 143(1) processing suffices. The matter was remanded to AO for examining other section 11 conditions, with the appeal allowed for statistical purposes. en-us Thu, 27 Jun 2024 00:00:00 +0530 Tue, 01 Oct 2024 20:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457994 ITAT Bangalore allowed the appeal, ruling that filing audit reports along with income tax returns is directory, not mandatory for section 11 exemption claims. The tribunal found CIT(A)'s denial incorrect as the return was filed timely and Form 10 was filed electronically. Citing SC precedent that procedures are servants not tyrants, ITAT held that audit report availability before AO during section 143(1) processing suffices. The matter was remanded to AO for examining other section 11 conditions, with the appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457994