https://www.taxtmi.com/caselaws?id=799666 Section 11 exemption cannot be denied solely because the audit report in Form 10B was filed separately from the income-tax return. Where both the return and audit report are filed within the prescribed statutory period and the report is available when the return is processed under Section 143(1), separate filing is a procedural lapse rather than a failure of substantive exemption conditions. The exemption remains available, and denial solely on that basis is set aside. en-us Wed, 16 Sep 2026 00:00:00 +0530 Fri, 25 Sep 2026 08:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799666 Section 11 exemption cannot be denied solely because the audit report in Form 10B was filed separately from the income-tax return. Where both the return and audit report are filed within the prescribed statutory period and the report is available when the return is processed under Section 143(1), separate filing is a procedural lapse rather than a failure of substantive exemption conditions. The exemption remains available, and denial solely on that basis is set aside. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799666