https://www.taxtmi.com/caselaws?id=786002 Denial of charitable exemption for late filing of the audit report in Form No.10B was rejected: ITAT treated the obligation to furnish the audit report with the return as a directory provision, applying the principle of substantial compliance and permitting production of the report subsequently on showing sufficient cause. The tribunal relied on prior decisions, including High Court authority, that consistent case law treats Form No.10B filing as procedural; therefore delay alone will not forfeit exemption and the revenue appeal was dismissed. en-us Fri, 16 Jan 2026 00:00:00 +0530 Wed, 04 Feb 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786002 Denial of charitable exemption for late filing of the audit report in Form No.10B was rejected: ITAT treated the obligation to furnish the audit report with the return as a directory provision, applying the principle of substantial compliance and permitting production of the report subsequently on showing sufficient cause. The tribunal relied on prior decisions, including High Court authority, that consistent case law treats Form No.10B filing as procedural; therefore delay alone will not forfeit exemption and the revenue appeal was dismissed. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786002