https://www.taxtmi.com/caselaws?id=776258 The ITAT Chennai held that the requirement to file the audit report in Form No. 10B within the prescribed due date under the Income Tax Act is directory, not mandatory. Relying on precedent, the tribunal found that failure to file the report on time does not warrant denial of exemption under section 11 if substantive conditions for exemption are met. Consequently, the AO was directed to grant the exemption claimed by the assessee under section 11. The assessee's appeal was allowed. en-us Wed, 30 Jul 2025 00:00:00 +0530 Thu, 07 Aug 2025 07:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776258 The ITAT Chennai held that the requirement to file the audit report in Form No. 10B within the prescribed due date under the Income Tax Act is directory, not mandatory. Relying on precedent, the tribunal found that failure to file the report on time does not warrant denial of exemption under section 11 if substantive conditions for exemption are met. Consequently, the AO was directed to grant the exemption claimed by the assessee under section 11. The assessee's appeal was allowed. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776258