https://www.taxtmi.com/caselaws?id=799044 Section 11(1)(a) permits charitable trusts to retain the statutory 15% accumulation independently of the specified accumulation regime under section 11(2). Accumulation beyond that limit remains available where Form No. 10 is furnished by the valid extended return-filing deadline under Rule 17 read with section 139(1). Charitable exemption should not be denied solely because Form No. 10BB was electronically furnished late when the audit report was available before return processing and the substantive exemption conditions were satisfied. Procedural delay in prescribed filings does not defeat the exemption where the relevant form is timely under an extended deadline or the audit report is available before proceedings conclude. en-us Mon, 14 Sep 2026 00:00:00 +0530 Wed, 16 Sep 2026 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799044 Section 11(1)(a) permits charitable trusts to retain the statutory 15% accumulation independently of the specified accumulation regime under section 11(2). Accumulation beyond that limit remains available where Form No. 10 is furnished by the valid extended return-filing deadline under Rule 17 read with section 139(1). Charitable exemption should not be denied solely because Form No. 10BB was electronically furnished late when the audit report was available before return processing and the substantive exemption conditions were satisfied. Procedural delay in prescribed filings does not defeat the exemption where the relevant form is timely under an extended deadline or the audit report is available before proceedings conclude. Case-Laws Income Tax Mon, 14 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799044