https://www.taxtmi.com/caselaws?id=468865 Delayed filing of Form 10B is treated as a condonable procedural lapse where the audit report is on record by the time the return is processed, and exemption under section 11 cannot be denied merely because the report was filed belatedly. The note states that, in this context, filing Form 10B is directory rather than mandatory, and where the jurisdictional High Court has already allowed the delay for the relevant year, denial of the benefit is not sustainable. Relief under section 11 is therefore available subject to factual verification by the Assessing Officer. 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 Form 10B is treated as a condonable procedural lapse where the audit report is on record by the time the return is processed, and exemption under section 11 cannot be denied merely because the report was filed belatedly. The note states that, in this context, filing Form 10B is directory rather than mandatory, and where the jurisdictional High Court has already allowed the delay for the relevant year, denial of the benefit is not sustainable. Relief under section 11 is therefore available subject to factual verification by the Assessing Officer. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468865