DCIT (EXEMPTIONS), CIRCLE 1(1), HYDERABAD vs. NATIONAL INSTITUTE OF RURAL DEVELOPMENT AND PANCHAYATI RAJ, HYDERABAD

In the result, both the appeal filed by the Revenue and cross- objection filed by the assessee are dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

Trust Vs. ITO [2024] 166 taxmann.com 524 (Bangalore - Trib.) wherein it has been held that there are ample decisions of this Tribunal, wherein it is observed that filing of Form 10B is not mandatory but directory, when the audit report is available while passing the intimation under section 143(1)(a) and, when the requirement of law are complied with

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED, HYDERABAD