https://www.taxtmi.com/caselaws?id=782755 The ITAT Mumbai held that the assessee-trust's audit report in Form 10B, though filed belatedly, had been produced during appellate proceedings before CIT(A) and formed part of the record. The assessee satisfactorily explained the delay as arising from late completion of audit, which the Revenue did not dispute. Treating the delay as reasonable, the Tribunal condoned the delay in filing Form 10B. It directed the AO to consider the audit report and adjudicate the assessee's claim for exemption under ss. 11 and 12 afresh, in accordance with law and after affording adequate opportunity of hearing. The appeal was allowed for statistical purposes. en-us Fri, 28 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 18:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782755 The ITAT Mumbai held that the assessee-trust's audit report in Form 10B, though filed belatedly, had been produced during appellate proceedings before CIT(A) and formed part of the record. The assessee satisfactorily explained the delay as arising from late completion of audit, which the Revenue did not dispute. Treating the delay as reasonable, the Tribunal condoned the delay in filing Form 10B. It directed the AO to consider the audit report and adjudicate the assessee's claim for exemption under ss. 11 and 12 afresh, in accordance with law and after affording adequate opportunity of hearing. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782755