Requirement of Filing Audit Report In Form 10B is only Procedural: ITAT grants Income Tax Exemption [Read Order]
The ITAT held that From AYs 2022-23 to 2026-27, the assessee would be eligible for exemption under section 11 of the At given the fresh registration obtained under section 12AB of the Act
In a recent case, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT) held that the requirement of filing an audit report in Form 10B is only procedural and allowed exemption under Income Tax Act, 1961. Shambhu Dayal Modern School, the appellant challenged the order of assessment passed under section 143(1) of the…
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