https://www.taxtmi.com/caselaws?id=796809 Exemption under section 11 cannot be denied solely because the audit report in Form No. 10B was filed one day after the prescribed due date. Furnishing Form No. 10B is procedural and directory rather than mandatory; a delay in filing the report does not by itself defeat exemption where the trust fulfils the substantive statutory conditions. The Assessing Officer must allow the claimed exemption once those substantive conditions are satisfied. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796809 Exemption under section 11 cannot be denied solely because the audit report in Form No. 10B was filed one day after the prescribed due date. Furnishing Form No. 10B is procedural and directory rather than mandatory; a delay in filing the report does not by itself defeat exemption where the trust fulfils the substantive statutory conditions. The Assessing Officer must allow the claimed exemption once those substantive conditions are satisfied. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796809