https://www.taxtmi.com/caselaws?id=787630 Whether a 29-day delay in filing the audit report (Form No.10B) should be condoned to permit claim of charitable-exemption under the Income-tax Act. The tribunal applied the principle that the audit-report requirement is procedural and that substantial compliance suffices where delay is brief, explained, non mala fide and the report was available before completion of assessment under section 143(1); on those facts the delay was condoned and the assessing officer directed to consider the audit report and adjudicate the exemption claim after affording the assessee opportunity to be heard. en-us Fri, 06 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787630 Whether a 29-day delay in filing the audit report (Form No.10B) should be condoned to permit claim of charitable-exemption under the Income-tax Act. The tribunal applied the principle that the audit-report requirement is procedural and that substantial compliance suffices where delay is brief, explained, non mala fide and the report was available before completion of assessment under section 143(1); on those facts the delay was condoned and the assessing officer directed to consider the audit report and adjudicate the exemption claim after affording the assessee opportunity to be heard. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787630