https://www.taxtmi.com/caselaws?id=789338 Exemption under section 11 was denied because filing the prescribed Form 10B was treated as a mandatory statutory condition under section 12A(1)(b), and filing Form 10BB did not satisfy that requirement. The applicable CBDT instructions for the relevant assessment year required Form 10B, not Form 10BB, and the assessee had not furnished the prescribed form before processing under section 143(1). The reliance on case law treating similar defaults as procedural was held inapplicable on these facts, as the specific form required for exemption was never filed. The disallowance of exemption was therefore sustained and the assessee's claim failed. en-us Wed, 25 Mar 2026 00:00:00 +0530 Tue, 07 Apr 2026 07:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789338 Exemption under section 11 was denied because filing the prescribed Form 10B was treated as a mandatory statutory condition under section 12A(1)(b), and filing Form 10BB did not satisfy that requirement. The applicable CBDT instructions for the relevant assessment year required Form 10B, not Form 10BB, and the assessee had not furnished the prescribed form before processing under section 143(1). The reliance on case law treating similar defaults as procedural was held inapplicable on these facts, as the specific form required for exemption was never filed. The disallowance of exemption was therefore sustained and the assessee's claim failed. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789338