https://www.taxtmi.com/caselaws?id=470523 Timely digital filing of Form No. 10B by the statutory auditor, before filing the return, constitutes substantial compliance with the audit-report requirement for exemption under sections 11 and 12. Where subsequent verification was delayed by technical difficulties and the return was filed on the verification date, rejection solely because approval was belated would be an impermissibly hyper-technical approach. Delayed verification in these circumstances does not defeat the trust's exemption claim. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 29 Jul 2026 18:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470523 Timely digital filing of Form No. 10B by the statutory auditor, before filing the return, constitutes substantial compliance with the audit-report requirement for exemption under sections 11 and 12. Where subsequent verification was delayed by technical difficulties and the return was filed on the verification date, rejection solely because approval was belated would be an impermissibly hyper-technical approach. Delayed verification in these circumstances does not defeat the trust's exemption claim. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470523