https://www.taxtmi.com/highlights?id=104317 Timely furnishing of Form No. 10B within an extended return-filing deadline satisfies the audit-report requirement for charitable-trust exemption. Although filing the audit report is a substantive requirement, the prescribed timing and mode of submission are procedural where the report is available before assessment. Rejection of a condonation application does not bar the exemption because condonation is an additional remedy. Form No. 10B for the relevant assessment year must therefore be accepted and the claimed exemption granted. en-us Tue, 29 Sep 2026 08:34:54 +0530 Tue, 29 Sep 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104317 Timely furnishing of Form No. 10B within an extended return-filing deadline satisfies the audit-report requirement for charitable-trust exemption. Although filing the audit report is a substantive requirement, the prescribed timing and mode of submission are procedural where the report is available before assessment. Rejection of a condonation application does not bar the exemption because condonation is an additional remedy. Form No. 10B for the relevant assessment year must therefore be accepted and the claimed exemption granted. Highlights Income Tax Tue, 29 Sep 2026 08:34:54 +0530 https://www.taxtmi.com/highlights?id=104317