https://www.taxtmi.com/caselaws?id=468866 Delayed filing of Form 10B was treated as a curable procedural lapse where the audit report was already filed with the return and was available before processing of the return. The Tribunal followed the view that filing of Form 10B is directory in nature and that substantial compliance should not be defeated by delay alone when exemption under section 11 is otherwise supportable. It accepted the explanation for the 39-day delay, condoned the default, and directed the Assessing Officer to verify the claim and consider the appropriate relief under section 11. en-us Fri, 31 Oct 2025 00:00:00 +0530 Sat, 23 May 2026 14:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468866 Delayed filing of Form 10B was treated as a curable procedural lapse where the audit report was already filed with the return and was available before processing of the return. The Tribunal followed the view that filing of Form 10B is directory in nature and that substantial compliance should not be defeated by delay alone when exemption under section 11 is otherwise supportable. It accepted the explanation for the 39-day delay, condoned the default, and directed the Assessing Officer to verify the claim and consider the appropriate relief under section 11. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468866