ITAT bench of Ahmedabad has directed the AO to allow the exemption under section 11

ITAT bench of Ahmedabad has directed the AO to allow the exemption under section 11

ITAT bench of Ahmedabad has directed the AO to allow the exemption under section 11 of the Act where audit report in Form 10B was not furnished along with the return of income. It was noted by the tribunal that there was lack of guidance on the part of the assessee by the tax professionals. Thus, in the event of any disallowance of the benefits available to the assessee, it will cause undue hardship to it in the given facts and circumstances. 



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