Tag Archives: section 10(23C)

Application under section 10(23C) can not be rejected on failure to file Audit Report

Furnishing of Audit Report in Form No. 10BB may be necessary for seeking approval under section 10(23C); however, mere failure to file Audit Report along with application under section 10(23C) would not result in rejection if the assessee furnishes the said report subsequently, prior to the rejection of the application Further, for purposes of granting… Read More »