https://www.taxtmi.com/caselaws?id=778073 ITAT DELHI - AT allowed the appeal and held that exemption under ss.11 and 12 cannot be denied solely for delayed filing of Audit Report in Form 10B. Relying on precedents from GUJ HC and ITAT Mumbai, the tribunal found the AO's denial based on belated Form 10B filing unsustainable. The AO was directed to delete the adjustment in the intimation under s.143(1) attributable to the purported default, and the assessee's exemption claims were restored. en-us Wed, 15 Jan 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778073 ITAT DELHI - AT allowed the appeal and held that exemption under ss.11 and 12 cannot be denied solely for delayed filing of Audit Report in Form 10B. Relying on precedents from GUJ HC and ITAT Mumbai, the tribunal found the AO's denial based on belated Form 10B filing unsustainable. The AO was directed to delete the adjustment in the intimation under s.143(1) attributable to the purported default, and the assessee's exemption claims were restored. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778073