https://www.taxtmi.com/caselaws?id=774180 ITAT Hyderabad allowed the appeal of a religious institution managed by Telangana Endowment Department. The AO denied exemption under Section 11 for delayed filing of audit report in Form 10BB by 28 days beyond the due date of 31/10/2023. However, the audit report was filed on 28/11/2023, before the AO passed assessment order under Section 143(1) on 19/11/2024. ITAT held that filing Form 10BB is directory, not mandatory, and since the audit report was available when assessment order was passed and legal requirements were substantially complied with, exemption under Section 11 should not be denied for minor procedural delay. en-us Wed, 25 Jun 2025 00:00:00 +0530 Fri, 04 Jul 2025 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774180 ITAT Hyderabad allowed the appeal of a religious institution managed by Telangana Endowment Department. The AO denied exemption under Section 11 for delayed filing of audit report in Form 10BB by 28 days beyond the due date of 31/10/2023. However, the audit report was filed on 28/11/2023, before the AO passed assessment order under Section 143(1) on 19/11/2024. ITAT held that filing Form 10BB is directory, not mandatory, and since the audit report was available when assessment order was passed and legal requirements were substantially complied with, exemption under Section 11 should not be denied for minor procedural delay. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774180