filing of Audit report in form 10B is directory is nature & not mandatory- Delay condoned

Ganadhipati Gandharacharya Kuntiusagar Vidya Sodh Sansthan Vs ITO (ITAT Pune) The Pune Bench of the Income Tax Appellate Tribunal (ITAT) decided a group of four appeals filed by a charitable trust for assessment years (AYs) 2018-19 to 2021-22. The appeals arose from separate intimation orders passed under section 143(1) of the Income-tax Act, 1961, and the subsequent appellate orders of the Additional/Joint Commissioner of Income Tax (Appeals). The common dispute across all years related to denial of exemption under section 11 of the Act on the ground of belated filing of returns and audit rep...