Form 10B Delay due to auditor negligence Not Fatal to 12A Exemption: Orissa HC

Society for Training Action Research and Rehabilitation Vs Central Board of Direct Taxes (CBDT) and others (Orissa High Court) The Orissa High Court has set aside an order by the Commissioner of Income Tax (Exemption), Hyderabad, which had rejected an application for condonation of delay in filing an audit report in Form 10B. This report is crucial for claiming income tax exemption under Section 12A of the Income Tax Act, 1961, for the Assessment Year 2017-18. The petitioner, Society for Training Action Research and Rehabilitation, had challenged the rejection, arguing that a 353-day delay was...