https://www.taxtmi.com/caselaws?id=773512 The ITAT Kolkata ruled in favor of the assessee regarding denial of exemption under section 11 due to late filing of Form 10B audit report. The tribunal held that filing Form 10B is a procedural requirement, not mandatory, following the precedent in Indian Sugar Mills Association case. Since the audit report was available to the Assessing Officer during return processing despite late upload, the tribunal set aside lower authorities' orders and remitted the matter back to AO for fresh consideration of the exemption claim. The appeal was allowed for statistical purposes. en-us Mon, 16 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773512 The ITAT Kolkata ruled in favor of the assessee regarding denial of exemption under section 11 due to late filing of Form 10B audit report. The tribunal held that filing Form 10B is a procedural requirement, not mandatory, following the precedent in Indian Sugar Mills Association case. Since the audit report was available to the Assessing Officer during return processing despite late upload, the tribunal set aside lower authorities' orders and remitted the matter back to AO for fresh consideration of the exemption claim. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773512