Held that column M2 of the return of income filed by the assessee showed that the assessee had got its accounts audited by the audit firm AKG on June 5, 2017 and the report was furnished along with the return of income. Since the assessee had got its accounts audited before the due date and had undisputedly filed it before the completion of the assessment. Denial of exemption is not justified. (AY.2017-18)
Ram Sharan Khajani Devi Memorial Charitable Society v. ITO (2022)95 ITR 57 (SMC) (SN) (Delhi) (Trib)
S. 11 : Property held for charitable purposes-Accumulation of income-Return filed showing name of Audit firm and date of audit of accounts and report furnished with return-Not justified in denying exemption. [S. 12A(1)(b), Form no 10B]