Exemption cannot be denied merely on account of delay in furnishing Audit Report

Last updated: 25 May 2021

Court :
Gujarat HC

Brief :
The Hon'ble Gujarat High Court in Trust For Reaching The Unreached Through Trustee v/s CIT [R/Special Civil Application No. 8977, 9370, 9760 of 2020 dated December 22, 2020] quashed and set aside the order rejecting the application for condonation of delay filed for exemption and held that an assessee being a public charitable trust who satisfied all the conditions to claim exemption under Section 12 of the Income Tax Act, 1961 ('IT Act') could not be denied exemption merely on account of delay in furnishing the Audit Report.

Citation :
R/Special Civil Application No. 8977, 9370, 9760 of 2020 dated December 22, 2020

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Bimal Jain

Published in Audit
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Exemption cannot be denied merely on account of delay in furnishing Audit Report

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