https://www.taxtmi.com/caselaws?id=776831 Delay in filing Form 10B under section 139 was treated as directory, not mandatory, so exemption under section 11 could not be denied solely on that basis. The disallowance was therefore not sustained merely because the form was filed after the prescribed date, and the claim required examination on merits. The matter was restored for fresh factual verification and adjudication of the exemption claim. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776831 Delay in filing Form 10B under section 139 was treated as directory, not mandatory, so exemption under section 11 could not be denied solely on that basis. The disallowance was therefore not sustained merely because the form was filed after the prescribed date, and the claim required examination on merits. The matter was restored for fresh factual verification and adjudication of the exemption claim. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776831