https://www.taxtmi.com/caselaws?id=471546 Exemption for accumulation of income under Section 11(2) cannot be denied solely because the return and Form 9A were filed after the Section 139(1) due date. Timely filing of the prescribed form is treated as directory where Form 9A and Form 10 were available in the assessment record during the original and consequential assessments. Procedural delay in filing a return under Section 139(4) and Form 9A does not override a substantive claim to exemption for accumulated income. The assessee was therefore entitled to Section 11(2) exemption for all relevant assessment years. en-us Tue, 08 Apr 2025 00:00:00 +0530 Tue, 08 Sep 2026 19:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471546 Exemption for accumulation of income under Section 11(2) cannot be denied solely because the return and Form 9A were filed after the Section 139(1) due date. Timely filing of the prescribed form is treated as directory where Form 9A and Form 10 were available in the assessment record during the original and consequential assessments. Procedural delay in filing a return under Section 139(4) and Form 9A does not override a substantive claim to exemption for accumulated income. The assessee was therefore entitled to Section 11(2) exemption for all relevant assessment years. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471546