https://www.taxtmi.com/caselaws?id=465855 Denial of exemption under s.11 through an adjustment in intimation under s.143(1)(a) for non-furnishing of audit report in Form No.10B along with the return was held impermissible. The ITAT found that Form No.10B could not be treated as "information required to be furnished" for s.143(1)(a) adjustment, and that the question whether Form No.10B must accompany the return or can be furnished up to completion of assessment is a debatable issue; hence, denial of s.11 at the intimation stage was unsustainable. The impugned order was set aside and the matter remanded to the AO for fresh adjudication after hearing the assessee, and the appeal was allowed for statistical purposes. en-us Fri, 28 Oct 2022 00:00:00 +0530 Mon, 12 Jan 2026 20:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465855 Denial of exemption under s.11 through an adjustment in intimation under s.143(1)(a) for non-furnishing of audit report in Form No.10B along with the return was held impermissible. The ITAT found that Form No.10B could not be treated as "information required to be furnished" for s.143(1)(a) adjustment, and that the question whether Form No.10B must accompany the return or can be furnished up to completion of assessment is a debatable issue; hence, denial of s.11 at the intimation stage was unsustainable. The impugned order was set aside and the matter remanded to the AO for fresh adjudication after hearing the assessee, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465855