https://www.taxtmi.com/caselaws?id=773513 Denial of exemption under s. 11 on the ground of delayed filing of audit report in Form 10B was examined. Relying on HC authority holding that furnishing the auditor's report along with the return is a procedural, directory requirement rather than a mandatory condition, the tribunal held that exemption cannot be refused where the audit report was available at the time of return processing. Consequently, the appellate order and CPC intimation were set aside and the matter was remitted to the AO with a direction to reconsider and allow the s. 11 claim in accordance with law after taking Form 10B on record; the appeal was allowed for statistical purposes. en-us Mon, 16 Jun 2025 00:00:00 +0530 Wed, 07 Jan 2026 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773513 Denial of exemption under s. 11 on the ground of delayed filing of audit report in Form 10B was examined. Relying on HC authority holding that furnishing the auditor's report along with the return is a procedural, directory requirement rather than a mandatory condition, the tribunal held that exemption cannot be refused where the audit report was available at the time of return processing. Consequently, the appellate order and CPC intimation were set aside and the matter was remitted to the AO with a direction to reconsider and allow the s. 11 claim in accordance with law after taking Form 10B on record; the appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773513