https://www.taxtmi.com/caselaws?id=763483 The ITAT remanded the case to the AO for further verification, emphasizing procedural compliance. The assessee, a Charitable Trust, faced denial of exemption under sections 11/12 of the Income Tax Act due to late filing of an audit report. Despite the audit report being signed before the return filing, the CIT(A) upheld the denial. The ITAT directed the AO to reassess the case, considering the Circular and providing the assessee a fair hearing, allowing the appeal for statistical purposes. The decision underscores the necessity of procedural adherence and fair consideration in tax exemption cases. en-us Wed, 18 Dec 2024 00:00:00 +0530 Fri, 20 Dec 2024 08:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763483 The ITAT remanded the case to the AO for further verification, emphasizing procedural compliance. The assessee, a Charitable Trust, faced denial of exemption under sections 11/12 of the Income Tax Act due to late filing of an audit report. Despite the audit report being signed before the return filing, the CIT(A) upheld the denial. The ITAT directed the AO to reassess the case, considering the Circular and providing the assessee a fair hearing, allowing the appeal for statistical purposes. The decision underscores the necessity of procedural adherence and fair consideration in tax exemption cases. Case-Laws Income Tax Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763483