https://www.taxtmi.com/caselaws?id=461059 Belated filing of Form 10B did not, on these facts, justify denial of exemption under section 11 where the audit report had been obtained before processing of the return and uploaded later. The Tribunal treated the filing requirement as directory rather than mandatory in an absolute sense, and noted that the CBDT's condonation framework, including delegation of power to condone delay from assessment year 2018-19 onwards, supported acceptance of the report. The assessee's exemption claim was therefore sustained and the Revenue's challenge failed. en-us Thu, 25 May 2023 00:00:00 +0530 Mon, 10 Mar 2025 13:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461059 Belated filing of Form 10B did not, on these facts, justify denial of exemption under section 11 where the audit report had been obtained before processing of the return and uploaded later. The Tribunal treated the filing requirement as directory rather than mandatory in an absolute sense, and noted that the CBDT's condonation framework, including delegation of power to condone delay from assessment year 2018-19 onwards, supported acceptance of the report. The assessee's exemption claim was therefore sustained and the Revenue's challenge failed. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461059