Belated Form 10B filing and exemption under section 11 remain in issue, with Tribunal precedent binding questions raised.

Denial of exemption under section 11(1) and section 11(2) of the Income-tax Act, 1961 was challenged on the ground that the Audit Report in Form 10B was filed belatedly, although it had been electronically filed before the order. The matter also raised whether the Tribunal was bound to follow jurisdictional High Court decisions on the issue. Notice was issued for final disposal, returnable on 13/12/2022.

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Issues: Whether denial of exemption under section 11(1) and section 11(2) of the Income-tax Act, 1961 on the ground of belated filing of Audit Report in Form 10B, despite electronic filing before the order, and whether the Tribunal was bound to follow the jurisdictional High Court decisions.

Outcome: Notice was issued for final disposal returnable on 13/12/2022.

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