https://www.taxtmi.com/caselaws?id=762262 The Income Tax Appellate Tribunal (ITAT) Delhi directed the Assessing Officer to reassess the trust's application of income after considering the audit report and Form 10B, which were obtained before the original filing. The ITAT acknowledged the allowance for condonation of delay in filing Form 10B as per recent CBDT circulars. The Tribunal emphasized the necessity of providing the Assessee a fair opportunity to present their case, addressing procedural fairness and ensuring adherence to legal standards. The case was remanded for a fresh review to ensure compliance with the principles of natural justice. en-us Fri, 11 Oct 2024 00:00:00 +0530 Thu, 28 Nov 2024 07:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762262 The Income Tax Appellate Tribunal (ITAT) Delhi directed the Assessing Officer to reassess the trust's application of income after considering the audit report and Form 10B, which were obtained before the original filing. The ITAT acknowledged the allowance for condonation of delay in filing Form 10B as per recent CBDT circulars. The Tribunal emphasized the necessity of providing the Assessee a fair opportunity to present their case, addressing procedural fairness and ensuring adherence to legal standards. The case was remanded for a fresh review to ensure compliance with the principles of natural justice. Case-Laws Income Tax Fri, 11 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762262