Lack of Guidance by Tax Professionals in Filing Audit Report with Income Tax Return: ITAT grants Exemption u/s 11 of Income Tax Act to Educational Trust [Read Order]

By Kalyani B. Nair - On December 30, 2022 7:02 pm - 2 mins read
Tax Professionals - Tax - Filing Audit Report - Audit Report - Income Tax Return - Income Tax - ITAT - Income Tax Act - Educational Trust - Trust - taxscan

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ), granted exemption under Section 11 of the Income Tax Act, 1961 to educational trust on lack of guidance by tax professionals. The effective issue raised by the assessee is that the CIT(A) erred in holding that the assessee, M/s. Shardaben Education Trustis not…

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