Where audit report in Form No. 10B was already filed and available on record, when assessee’s return was processed by CPC, denial of exemption under section 11 merely on account of alleged belated filing of Form No. 10B, was not justifiable. Further the learned CIT(Appeals) erred in declining to condone the delay of 1021 days and in dismissing the appeal in limine without appreciating that the underlying adjustment itself ran contrary to binding judicial precedents and that Form No. 10B had been filed and was available at the time of processing of the return