This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Late filing of audit report doesn’t disentitle trust from benefit of exemption u/s. 11
Case Law Details
- Case Name
- DCIT Vs Jawaharlal Nehru Port Trust (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2003-04
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Jawaharlal Nehru Port Trust (ITAT Pune)
ITAT Pune held that late filing of audit report cannot disentitle trust from availing benefit of section 11 of the Income Tax Act. Accordingly, order of CIT(A) allowing claim of exemption u/s. 11 upheld and appeal of revenue dismissed.
Facts- Vide the present appeal, revenue has contested CIT(A) order by allowing claim of exemption under section 11 of the Income Tax Act. Revenue CIT(A) has not taken into consideration the fact that the assessee had failed to meet the mandatory requirements of Section 11 and 12 of the Act i.e. claiming exemption ...
Author Info
