Income Tax Benefit to Trust u/s 11 cannot be Denied for Mere One Day Delay in filing of Audit Report: ITAT [Read Order]

By Fathima Karama A.M - On January 27, 2023 5:30 pm - 2 mins read
Income Tax - Income Tax Benefit to Trust - Delay in filing of Audit Report - filing of Audit Report - Audit Report- ITAT - taxscan

The Cuttack Bench of Income Tax Appellate Tribunal (ITAT) has held that the Income Tax benefit to trust under Section 11 of the Income Tax Act 1961 could not be denied for mere one day delay in filing an audit report. Section 11 of the Income Tax Act deals with the exemption provided to the…

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