Filing of the Audit Report in Form 103B is directory and not mandatory, appeals petitioner

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Last updated: 20 May 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) has ruled that filing the Audit Report in Form 103B is directory and not mandatory, meaning it can be submitted at the assessment stage. This decision came in an appeal by Sanskriti KMV School challenging the denial of exemption claims. The tribunal considered previous rulings in the assessee's favour and a CBDT circular regarding condonation of delays in filing related forms.

Court :
ITAT Chandigarh

Brief :
The present appeal has been filed by the assessee wherein the correctness of the order dated 03.10.2019 of CIT(A)-II Jalandhar  pertaining to 2016-17 assessment year is assailed on the following grounds:

Citation :
ITA No. 7/CHD/2020

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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