Section 11 Exemption Allowed Despite Late Audit Report Filing Due to Procedural Nature

ITO Vs Laxmanarayan Dev (ITAT Ahmedabad)

The appeal before the Income Tax Appellate Tribunal, Ahmedabad concerned the denial of exemption under Section 11 of the Income Tax Act, 1961 for Assessment Year 2017–18 on account of late filing of the audit report in Form No. 10B as required under Section 12A(1)(b). The Revenue challenged the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, which had allowed the assessee’s claim.

The assessee is a public charitable trust engaged in educational activities, operating schools and a Yogashram. It h

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