CIT(E) Must Confront Alleged Section 12AB Violations Before Rejecting Registration: ITAT Jaipur

Advertisement DAV Montessory School Vs ITO (Exemptions) (ITAT Jaipur) Jaipur ITAT Holds Late Filing of Form 10B Is Procedural; Directs AO to Grant Exemption Where Audit Report Was Available Before Processing Return The Jaipur ITAT held that while furnishing an audit report in Form 10B is mandatory, the timing of its filing is a procedural requirement, and exemption cannot be denied merely because the audit report was not filed along with the return, provided it was available with the Assessing Officer before processing the return under section 143(1). Accordingly, the Tribunal restored the ...