While processing the return under Section 143(1)(a), the Centralized Processing Centre (CPC) denied the exemption on account of delayed filing/uploading of Form 10B. Before the Tribunal, it was noted that the audit report in Form 10B had been furnished along with the return. Thus, the Tribunal found that the Form 10B report was available with CPC well before the processing of the return. Accordingly, the Tribunal allowed the appeal and directed allowance of the Section 11 exemption subject to fulfilment of the other statutory conditions. Admittedly, along with the return of income filed on 21.12.2022 the assessee had furnished the audit report in Form 10B.