https://www.taxtmi.com/caselaws?id=468865 Delayed filing of the audit report in Form 10B is a procedural lapse capable of condonation where the report is available before processing of the return. Exemption under section 11 should not be denied solely because Form 10B was filed belatedly when the return was filed within the extended period and the audit report was on record by the processing stage. The relevant delay had also been permitted by the jurisdictional High Court. Verification of the relevant facts is required before granting consequential relief under section 11. en-us Thu, 18 Sep 2025 00:00:00 +0530 Sat, 23 May 2026 14:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468865 Delayed filing of the audit report in Form 10B is a procedural lapse capable of condonation where the report is available before processing of the return. Exemption under section 11 should not be denied solely because Form 10B was filed belatedly when the return was filed within the extended period and the audit report was on record by the processing stage. The relevant delay had also been permitted by the jurisdictional High Court. Verification of the relevant facts is required before granting consequential relief under section 11. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468865