https://www.taxtmi.com/caselaws?id=775666 Filing of Form 10B for exemption under section 11 was treated as directory, so delayed submission by itself could not justify denial of the exemption. The Tribunal held that the assessee's claim under section 11(1) could not be rejected solely on the ground of belated filing of the audit report, and the disallowance under section 143(1) could not survive on that basis alone. The matter was restored for consequential computation after verification of the relevant facts, in favour of the assessee. en-us Tue, 03 Jun 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775666 Filing of Form 10B for exemption under section 11 was treated as directory, so delayed submission by itself could not justify denial of the exemption. The Tribunal held that the assessee's claim under section 11(1) could not be rejected solely on the ground of belated filing of the audit report, and the disallowance under section 143(1) could not survive on that basis alone. The matter was restored for consequential computation after verification of the relevant facts, in favour of the assessee. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775666