Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITAT’s Decision [Read Order]

The court noted that the tribunal's decision on the timeliness of the tax return was based on Circular F. No. 173/193/2019-ITA-I (April 23, 2019) and Circular No. 8 of 2021 (April 30, 2021).
By Sneha Sukumaran Mullakkal - On August 12, 2024 1:23 pm - 2 mins read
Income Tax - ITAT - Calcutta HC - Income Tax Audit - Direct Taxes - TAXSCAN

In the recent case, the High Court of Calcutta dismissed the revenue petitioner’s appeal challenging the Income Tax Appellate Tribunal’s( ITAT ) decision for assessment year(AY) 2020-21. The Court upheld the ITAT’s ruling, noting it correctly applied Central Board of Direct Taxes ( CBDT ) Circulars on timely filing for tax exemptions, finding no significant…

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