Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Requirement Of Filing Audit Report In Form 10B Is Only Procedural: Delhi ITAT Grants Exemption To Educational Trust U/s 11
Auditing and AssuranceIncome Tax
The Delhi Income Tax Appellate Tribunal (ITAT) held that the filing of an audit report in Form 10B is a procedural requirement and that an educational trust is still eligible for tax exemption under Section 11 of the Income Tax Act even if there is a delay in filing. This decision provides relief to educational institutions, reinforcing that procedural lapses should not result in the denial of substantive tax benefits.
