https://www.taxtmi.com/caselaws?id=469662 Delayed filing of Form 10BB did not, by itself, justify denial of exemption in processing under section 143(1) where the audit report was already available with the Assessing Officer. The Tribunal treated filing of the report as a procedural requirement and regarded it as directory rather than mandatory on these facts. It held that the exemption claim should not have been rejected merely for delay and required fresh examination. The intimation and appellate order were set aside, and the matter was remanded to the Assessing Officer for reconsideration after granting a reasonable opportunity of hearing. en-us Wed, 10 Sep 2025 00:00:00 +0530 Fri, 26 Jun 2026 22:22:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469662 Delayed filing of Form 10BB did not, by itself, justify denial of exemption in processing under section 143(1) where the audit report was already available with the Assessing Officer. The Tribunal treated filing of the report as a procedural requirement and regarded it as directory rather than mandatory on these facts. It held that the exemption claim should not have been rejected merely for delay and required fresh examination. The intimation and appellate order were set aside, and the matter was remanded to the Assessing Officer for reconsideration after granting a reasonable opportunity of hearing. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469662