https://www.taxtmi.com/caselaws?id=796951 Exemption under Section 11 is not denied solely because Form 10B was furnished after the prescribed time where the audit report accompanied the return and was available with the processing authority before return processing. Procedural delay in furnishing the audit report does not defeat a charitable institution's exemption claim if the report is available at the assessment or processing stage and remaining statutory conditions are fulfilled. Denial of exemption also does not justify treating the institution's entire receipts as income without computation on commercial principles. en-us Fri, 07 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796951 Exemption under Section 11 is not denied solely because Form 10B was furnished after the prescribed time where the audit report accompanied the return and was available with the processing authority before return processing. Procedural delay in furnishing the audit report does not defeat a charitable institution's exemption claim if the report is available at the assessment or processing stage and remaining statutory conditions are fulfilled. Denial of exemption also does not justify treating the institution's entire receipts as income without computation on commercial principles. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796951