https://www.taxtmi.com/caselaws?id=342846 Delhi HC commentary on charitable exemption under the Income-tax Act explains that Section 11 relief was not to be denied merely because registration under Section 12A(a) was granted later, where the application had been filed within time and the later registration was treated as relating back. It also notes that delay in filing the audit report under Section 12A(b) did not justify denial of exemption on the facts, because the delay was explained by bona fide impediments, the accounts were not found unsatisfactory, and no prejudice to the Revenue was shown. The discussion concludes that substantial compliance with the statutory conditions supported the assessee's claim. en-us Mon, 08 May 2017 00:00:00 +0530 Sat, 17 Jun 2017 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342846 Delhi HC commentary on charitable exemption under the Income-tax Act explains that Section 11 relief was not to be denied merely because registration under Section 12A(a) was granted later, where the application had been filed within time and the later registration was treated as relating back. It also notes that delay in filing the audit report under Section 12A(b) did not justify denial of exemption on the facts, because the delay was explained by bona fide impediments, the accounts were not found unsatisfactory, and no prejudice to the Revenue was shown. The discussion concludes that substantial compliance with the statutory conditions supported the assessee's claim. Case-Laws Income Tax Mon, 08 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342846