https://www.taxtmi.com/caselaws?id=784603 The dominant issue was whether exemption under s.11(1) could be denied solely because the audit report in Form 10B was filed four days late. The ITAT held that filing Form 10B is directory, intended to facilitate assessment, and not a mandatory condition defeating substantive entitlement where the trust has consistently carried on charitable activities and otherwise qualifies under the statute. Treating a minor delay as fatal would unjustly deny a statutory benefit. Accordingly, the impugned orders denying exemption were set aside and the assessee's grounds were allowed. en-us Tue, 23 Dec 2025 00:00:00 +0530 Thu, 08 Jan 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784603 The dominant issue was whether exemption under s.11(1) could be denied solely because the audit report in Form 10B was filed four days late. The ITAT held that filing Form 10B is directory, intended to facilitate assessment, and not a mandatory condition defeating substantive entitlement where the trust has consistently carried on charitable activities and otherwise qualifies under the statute. Treating a minor delay as fatal would unjustly deny a statutory benefit. Accordingly, the impugned orders denying exemption were set aside and the assessee's grounds were allowed. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784603