https://www.taxtmi.com/caselaws?id=771682 ITAT Dehradun allowed the appeal where tax exemption was denied due to late filing of audit report in Form 10-B. The tribunal held that exemption under section 11 cannot be denied merely for delay in furnishing auditor's report, following precedent that the word 'shall' in section 12A should not be read as mandatory. The tribunal ruled that unavoidable circumstances justify delayed filing and set aside the assessment orders, granting relief to the assessee. en-us Tue, 27 May 2025 00:00:00 +0530 Thu, 29 May 2025 08:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771682 ITAT Dehradun allowed the appeal where tax exemption was denied due to late filing of audit report in Form 10-B. The tribunal held that exemption under section 11 cannot be denied merely for delay in furnishing auditor's report, following precedent that the word 'shall' in section 12A should not be read as mandatory. The tribunal ruled that unavoidable circumstances justify delayed filing and set aside the assessment orders, granting relief to the assessee. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771682