https://www.taxtmi.com/caselaws?id=460254 Delayed filing of Form No. 10B was treated as a procedural defect where the audit report was already on record before appellate proceedings were completed. Applying binding jurisdictional precedent, the procedural delay could not defeat the substantive claim for exemption under section 11 when the audit requirement had in substance been complied with. The assessee was therefore held eligible for section 11 exemption, and the disallowance was not sustained. en-us Thu, 21 Nov 2024 00:00:00 +0530 Fri, 17 Jan 2025 12:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460254 Delayed filing of Form No. 10B was treated as a procedural defect where the audit report was already on record before appellate proceedings were completed. Applying binding jurisdictional precedent, the procedural delay could not defeat the substantive claim for exemption under section 11 when the audit requirement had in substance been complied with. The assessee was therefore held eligible for section 11 exemption, and the disallowance was not sustained. Case-Laws Income Tax Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460254