Application for approval under Section 10(23C)(vi) of the Act could not be rejected only on the ground that it was not accompanied with an audit report. Report can be filed during approval process also.Support drawn from P&H High Court in Punjab Financial Corporation (2002) 254 ITR 6 and Circular No. 689 of 1994- All India Personality Enhancement & Cultural Centre for Scholars Aipeccs Society [2015] 62 taxmann.com 92 (Delhi)