https://www.taxtmi.com/caselaws?id=787091 Whether a charitable trust can claim exemption under section 11 when its return is filed as an updated or belated return under section 139(8A)/139(4), and whether late filing of Form No.10B or the audit report is a ground to deny exemption: the text clarifies that returns filed within the time allowed under section 139(4) or updated under section 139(8A) qualify for claiming exemption and that filing of the audit report/Form No.10B is procedural and directory; consequently procedural delay in filing the audit report or treating an updated/belated return as disentitling the trust is not justified and does not defeat exemption under section 11. en-us Fri, 20 Feb 2026 00:00:00 +0530 Wed, 25 Feb 2026 14:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787091 Whether a charitable trust can claim exemption under section 11 when its return is filed as an updated or belated return under section 139(8A)/139(4), and whether late filing of Form No.10B or the audit report is a ground to deny exemption: the text clarifies that returns filed within the time allowed under section 139(4) or updated under section 139(8A) qualify for claiming exemption and that filing of the audit report/Form No.10B is procedural and directory; consequently procedural delay in filing the audit report or treating an updated/belated return as disentitling the trust is not justified and does not defeat exemption under section 11. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787091