https://www.taxtmi.com/caselaws?id=796581 For charitable trusts, delayed filing of Form No. 10B does not by itself defeat exemption under section 11 where the accounts were audited, the report was uploaded before the return, and charitable objects and application of income are undisputed. The article treats timely filing of the audit report as a procedural, curable requirement rather than a substantive condition precedent in those circumstances. It also records that delay in filing an appeal may be condoned where it resulted from a representative's inadvertent lapse rather than deliberate inaction by the trust. The trust's income is to be recomputed after allowing exemption, actual application of income and permissible accumulation. 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 For charitable trusts, delayed filing of Form No. 10B does not by itself defeat exemption under section 11 where the accounts were audited, the report was uploaded before the return, and charitable objects and application of income are undisputed. The article treats timely filing of the audit report as a procedural, curable requirement rather than a substantive condition precedent in those circumstances. It also records that delay in filing an appeal may be condoned where it resulted from a representative's inadvertent lapse rather than deliberate inaction by the trust. The trust's income is to be recomputed after allowing exemption, actual application of income and permissible accumulation. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796581