https://www.taxtmi.com/caselaws?id=460776 Delayed filing of Form 10B before completion of assessment was treated as a procedural defect, not a substantive bar to exemption under section 11. The Tribunal applied the jurisdictional High Court principle that, from assessment year 2016-17 onwards, the audit report requirement is mandatory in substance but the timing and manner of filing are procedural. Because the report was filed before the assessment was concluded, the statutory requirement was held satisfied. On that basis, denial of the section 11 exemption was unsustainable and the assessee remained entitled to the claimed benefit. en-us Wed, 09 Oct 2024 00:00:00 +0530 Tue, 18 Feb 2025 19:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460776 Delayed filing of Form 10B before completion of assessment was treated as a procedural defect, not a substantive bar to exemption under section 11. The Tribunal applied the jurisdictional High Court principle that, from assessment year 2016-17 onwards, the audit report requirement is mandatory in substance but the timing and manner of filing are procedural. Because the report was filed before the assessment was concluded, the statutory requirement was held satisfied. On that basis, denial of the section 11 exemption was unsustainable and the assessee remained entitled to the claimed benefit. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460776