Belated Form 10B Audit Report can Be Accepted in Appellate Proceedings: ITAT Delhi

Rajdhani Maitri Club Foundation Vs ITO (ITAT Delhi) The case of Rajdhani Maitri Club Foundation Vs ITO involved an appeal before the Income Tax Appellate Tribunal (ITAT), Delhi, for the assessment year 2022-23. The appellant challenged the decision of the National Faceless Appeal Centre (NFAC), which upheld the disallowance of exemption under Section 11 of the Income Tax Act, 1961. The NFAC’s order was based on the assessee’s delayed filing of the audit report in Form 10B, required under the Act for claiming exemption. Despite being called twice, the assessee did not appear, and the ca...