Exemption u/s. 11 - delay in furnishing of auditor's report as ...

Tax Authorities Should Focus on Benefit Admissibility, Not Procedural Delays, in Auditor's Reports u/s 12A.

October 13, 2022

Case Laws     Income Tax     AT

Exemption u/s. 11 - delay in furnishing of auditor's report as required u/s. 12A - Admittedly, assessment was not completed u/s. 143(3) of the Act and, therefore, there would have been no error had the authorities below had taken up the copy of Form 10B, which was available with the Department. Thus, in our considered opinion, if the assessee was entitled to the statutory benefit, it would be incumbent upon the concerned authority to examine the admissibility of the benefit than to foreclose the assessee on technicalities. - AT

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