https://www.taxtmi.com/caselaws?id=796581 Delayed filing of Form No. 10B does not, by itself, defeat a charitable trust's exemption where its accounts were audited, the audit report was uploaded before the income-tax return, and the substantive conditions for charitable application of income were met. Timely filing of the audit report is treated as a procedural and curable requirement rather than a substantive condition precedent in those circumstances. The claimed exemption, actual application of income and permissible statutory accumulation must therefore be granted, with charitable income recomputed accordingly. Delay in filing the appeal was also condoned where it resulted from the tax representative's inadvertent failure to communicate notices rather than deliberate inaction by the trust. en-us Thu, 29 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796581 Delayed filing of Form No. 10B does not, by itself, defeat a charitable trust's exemption where its accounts were audited, the audit report was uploaded before the income-tax return, and the substantive conditions for charitable application of income were met. Timely filing of the audit report is treated as a procedural and curable requirement rather than a substantive condition precedent in those circumstances. The claimed exemption, actual application of income and permissible statutory accumulation must therefore be granted, with charitable income recomputed accordingly. Delay in filing the appeal was also condoned where it resulted from the tax representative's inadvertent failure to communicate notices rather than deliberate inaction by the trust. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796581