https://www.taxtmi.com/caselaws?id=463189 The ITAT Bangalore condoned the delay in filing Form 10B for audit report submission, following precedents from ITAT Ahmedabad and Gujarat HC. It rejected taxing the entire receipt due to procedural lapse, aligning with a coordinate bench ruling that only net income after expenses is taxable. The matter was restored to the CIT(A) to grant benefits under section 11 as per law. en-us Mon, 24 Jun 2024 00:00:00 +0530 Wed, 13 Aug 2025 06:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463189 The ITAT Bangalore condoned the delay in filing Form 10B for audit report submission, following precedents from ITAT Ahmedabad and Gujarat HC. It rejected taxing the entire receipt due to procedural lapse, aligning with a coordinate bench ruling that only net income after expenses is taxable. The matter was restored to the CIT(A) to grant benefits under section 11 as per law. Case-Laws Income Tax Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463189