https://www.taxtmi.com/caselaws?id=205583 The Tribunal upheld the CIT(A)'s decision, granting the assessee exemption under Section 11 of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal, emphasizing the importance of substantive compliance over procedural requirements, particularly regarding the filing of the audit report. The judgment highlighted that rectifying procedural lapses during assessment proceedings should not deny substantive rights, ultimately allowing the assessee to claim exemption and treating various incomes as exempt under Section 11. en-us Wed, 22 Sep 2010 00:00:00 +0530 Wed, 08 Aug 2012 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205583 The Tribunal upheld the CIT(A)'s decision, granting the assessee exemption under Section 11 of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal, emphasizing the importance of substantive compliance over procedural requirements, particularly regarding the filing of the audit report. The judgment highlighted that rectifying procedural lapses during assessment proceedings should not deny substantive rights, ultimately allowing the assessee to claim exemption and treating various incomes as exempt under Section 11. Case-Laws Income Tax Wed, 22 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205583