https://www.taxtmi.com/caselaws?id=468934 Form 10B filed before the return was submitted and before processing could be treated as valid compliance for exemption under section 11, because the audit report requirement is procedural rather than substantive. Delayed filing of the report, by itself, was not enough to deny exemption where the report was otherwise on record and available for consideration. The stated approach favours substantial compliance and requires the exemption claim to be examined on merits instead of being rejected solely on a technical filing default. en-us Fri, 29 Aug 2025 00:00:00 +0530 Mon, 25 May 2026 20:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468934 Form 10B filed before the return was submitted and before processing could be treated as valid compliance for exemption under section 11, because the audit report requirement is procedural rather than substantive. Delayed filing of the report, by itself, was not enough to deny exemption where the report was otherwise on record and available for consideration. The stated approach favours substantial compliance and requires the exemption claim to be examined on merits instead of being rejected solely on a technical filing default. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468934