Trust section 11 exemption lost if itr is late?

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naresh (Querist)
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15 August 2023 for asst.2122, if itr was filed without audit report, (audit report was filed after itr was filed), exemption should not go right?
itr and audit report both were late,

my view--> if itr was late, they cant deny exemption
https://taxguru.in/income-tax/misinterpretation-section-12a1ba-cpc-lead-huge-tax-demands.html

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 August 2023 Yes you are right.

https://taxguru.in/income-tax/section-11-exemption-denied-merely-delay-furnishing-form-10b.html#:~:text=So%20the%20exemption%20otherwise%20available,(b)%20of%20the%20Act.

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