https://www.taxtmi.com/caselaws?id=775299 The ITAT Jodhpur allowed the appeal of the assessee, holding that denial of exemption under section 11 on the ground of procedural lapse in verifying Form 10B was unjustified. The Form 10B was uploaded and verified before the CPC processed the return, and the requirement to file the audit report is directory, not mandatory. Substantive compliance entitled the assessee to the exemption claimed under sections 11(1) and 11(2). The procedural omission could not legally bar the exemption. en-us Mon, 02 Jun 2025 00:00:00 +0530 Wed, 23 Jul 2025 08:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775299 The ITAT Jodhpur allowed the appeal of the assessee, holding that denial of exemption under section 11 on the ground of procedural lapse in verifying Form 10B was unjustified. The Form 10B was uploaded and verified before the CPC processed the return, and the requirement to file the audit report is directory, not mandatory. Substantive compliance entitled the assessee to the exemption claimed under sections 11(1) and 11(2). The procedural omission could not legally bar the exemption. Case-Laws Income Tax Mon, 02 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775299