https://www.taxtmi.com/caselaws?id=762264 ITAT Kolkata allowed the appeal where assessee was denied deduction under section 11 for late filing of return and audit report Form-10B beyond prescribed due date. The tribunal condoned the delay after assessee established reasonable cause - the trustee handling tax matters was hospitalized due to severe illness, supported by discharge certificate and medical prescription filed before CIT(E). The matter was remanded to CIT(E) to pass order as per law, granting the deduction claim. en-us Wed, 16 Oct 2024 00:00:00 +0530 Wed, 27 Nov 2024 16:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762264 ITAT Kolkata allowed the appeal where assessee was denied deduction under section 11 for late filing of return and audit report Form-10B beyond prescribed due date. The tribunal condoned the delay after assessee established reasonable cause - the trustee handling tax matters was hospitalized due to severe illness, supported by discharge certificate and medical prescription filed before CIT(E). The matter was remanded to CIT(E) to pass order as per law, granting the deduction claim. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762264