https://www.taxtmi.com/caselaws?id=468096 Belated filing of Form 10B audit report, after processing of the return under section 143(1), did not by itself deny exemption under section 11 where the trust had completed audit before filing the return and the report was available before the appellate authority. The ITAT treated the filing lapse as procedural, found no mala fides, and applied the view that the audit-report requirement is directory when the substantive conditions for charitable exemption are otherwise satisfied. The appellate order granting relief was therefore upheld, and the Revenue's challenge failed. en-us Thu, 01 Jan 2026 00:00:00 +0530 Wed, 15 Apr 2026 20:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468096 Belated filing of Form 10B audit report, after processing of the return under section 143(1), did not by itself deny exemption under section 11 where the trust had completed audit before filing the return and the report was available before the appellate authority. The ITAT treated the filing lapse as procedural, found no mala fides, and applied the view that the audit-report requirement is directory when the substantive conditions for charitable exemption are otherwise satisfied. The appellate order granting relief was therefore upheld, and the Revenue's challenge failed. Case-Laws Income Tax Thu, 01 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468096