https://www.taxtmi.com/caselaws?id=790234 Exemption under sections 11 and 12 cannot be denied merely because Form 10B was filed after the return, where the audit report was submitted within the extended due date permitted by the competent authority. On those facts, the filing requirement under section 12A was treated as complied with within time, and there was no occasion for condonation of delay. The adjustment made in processing under section 143(1) was therefore incorrect, and the denial of charitable exemption on the ground of late filing alone was unsustainable. en-us Tue, 07 Apr 2026 00:00:00 +0530 Tue, 21 Apr 2026 13:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790234 Exemption under sections 11 and 12 cannot be denied merely because Form 10B was filed after the return, where the audit report was submitted within the extended due date permitted by the competent authority. On those facts, the filing requirement under section 12A was treated as complied with within time, and there was no occasion for condonation of delay. The adjustment made in processing under section 143(1) was therefore incorrect, and the denial of charitable exemption on the ground of late filing alone was unsustainable. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790234