The assesse filed its return of income claiming exemption under section 11. The return was processed under section 143(1) by denying the claim of exemption on the ground that the assessee had filed an audit report in Form No. 10B along with the return of income but the same was required to be filed one month before the due date of filing the return of income, and since the audit report was filed late, the claim of exemption was denied. CIT(A) affirmed the order of the Assessing Officer. On appeal, the Tribunal held that the filing of the auditor’s report along with the return of income has to be treated as a procedural requirement and, therefore, it is directory in nature and not mandatory.  Audit report was available at the time of processing of return, claim under section 11 could not be denied. The  Assessing Officer was  directed to allow the claim under section 11 as per law and after considering the audit report filed in Form No. 10B (AY. 2020-21)