Exemption denied for late form filing, but auditor report filed before notice. Income application claim allowed. No late fee for filing return on time.

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....ITAT held that denial of exemption u/s 11 due to late filing of form 10B was unjustified as the audit report was submitted before intimation u/s 143(1). Lack of mala fide intent was noted. Fee u/s 234F for delayed filing was deemed inapplicable as the return was filed before the due date u/s 139(1). Thus, the appeal of the assessee was allowed.....