https://www.taxtmi.com/caselaws?id=785270 Filing of audit report in Form 10B being delayed does not automatically defeat entitlement to exemption under section 11 where substantive conditions for exemption are satisfied; the Form 10B requirement is characterised as a procedural and directory obligation, not a jurisdictional condition, and therefore a short delay in furnishing the audit report should not result in denial of the exemption. The operative effect is that taxing authorities should grant the claimed exemption once substantive eligibility is established despite procedural delay in filing the audit report. en-us Wed, 15 Oct 2025 00:00:00 +0530 Wed, 21 Jan 2026 08:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785270 Filing of audit report in Form 10B being delayed does not automatically defeat entitlement to exemption under section 11 where substantive conditions for exemption are satisfied; the Form 10B requirement is characterised as a procedural and directory obligation, not a jurisdictional condition, and therefore a short delay in furnishing the audit report should not result in denial of the exemption. The operative effect is that taxing authorities should grant the claimed exemption once substantive eligibility is established despite procedural delay in filing the audit report. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785270