Court Allows Late Filing of Form No. 10 for Tax Exemption; Flexibility Emphasized u/s 11 of Income Tax Act.

Exemption u/s 11 - delay in filing the Form no.10 - Condonation of delay u/s.119(2)(b) - the benefit of exemption should not be denied merely on account of delay in furnishing the same and it is permissible for the assessee to produce the audit report at a later stage either beore the Income Tax Officer or before the appellate authority by assigning sufficient cause. - HC .....

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