https://www.taxtmi.com/caselaws?id=801761 Filing the prescribed audit report in Form No. 10B within a due date validly extended by the CBDT satisfies the timing requirement for charitable exemption under sections 11 and 12. Accordingly, exemption cannot be denied during return processing under section 143(1) on the ground of delayed audit-report filing where the report was filed within the extended deadline. Bona fide circumstances preventing timely first appeals, including loss of access to the registered email account and COVID-19-related disruption, may constitute reasonable cause for condoning delay. The charitable exemption remains available where the audit reports are treated as timely filed under the applicable extensions. en-us Wed, 29 Jul 2026 00:00:00 +0530 Tue, 27 Oct 2026 08:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801761 Filing the prescribed audit report in Form No. 10B within a due date validly extended by the CBDT satisfies the timing requirement for charitable exemption under sections 11 and 12. Accordingly, exemption cannot be denied during return processing under section 143(1) on the ground of delayed audit-report filing where the report was filed within the extended deadline. Bona fide circumstances preventing timely first appeals, including loss of access to the registered email account and COVID-19-related disruption, may constitute reasonable cause for condoning delay. The charitable exemption remains available where the audit reports are treated as timely filed under the applicable extensions. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801761