https://www.taxtmi.com/caselaws?id=759881 ITAT Pune allowed the appeal regarding denial of exemption under section 11. The lower authority incorrectly denied exemption citing late filing of return and audit report. ITAT found that pursuant to CBDT order dated 27.09.2019, the filing deadline for assessment year 2019-20 was extended from 30.09.2019 to 30.10.2019. Since the return and Form 10B audit report were filed on 23.10.2019, they were within the prescribed time limit. The tribunal directed deletion of the adjustment and decided in favor of the assessee. en-us Mon, 07 Oct 2024 00:00:00 +0530 Thu, 10 Oct 2024 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759881 ITAT Pune allowed the appeal regarding denial of exemption under section 11. The lower authority incorrectly denied exemption citing late filing of return and audit report. ITAT found that pursuant to CBDT order dated 27.09.2019, the filing deadline for assessment year 2019-20 was extended from 30.09.2019 to 30.10.2019. Since the return and Form 10B audit report were filed on 23.10.2019, they were within the prescribed time limit. The tribunal directed deletion of the adjustment and decided in favor of the assessee. Case-Laws Income Tax Mon, 07 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759881