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of HC allowed the petition challenging CIT's denial of exemption u/s 12A. The Court found genuine hardship in delayed filing of Audit Report in Form 10B for AY 2020-21, which was submitted 76 days beyond statutory deadline. Directing liberal interpretation of procedural requirements, the HC set aside CIT's order and mandated reconsideration of the Audit Report. The Commissioner is instructed to grant consequential relief, treat the delayed filing as within prescribed timelines, and re-examine the merit of the Audit Report under Section 12A read with Rule 17B, potentially modifying the Section 143 intimation accordingly.
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