Delay in Filing Form-10B Condoned Due to Mistaken Filing of Form-10BB Under Relevant Rules The HC set aside the impugned decision and allowed the application for condonation of delay in filing Form-10B, which was initially delayed due to the ...
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Delay in Filing Form-10B Condoned Due to Mistaken Filing of Form-10BB Under Relevant Rules
The HC set aside the impugned decision and allowed the application for condonation of delay in filing Form-10B, which was initially delayed due to the mistaken timely filing of Form-10BB. The court found no laches attributable to the petitioner, acknowledging the revenue's fair stance. The writ petition was disposed of accordingly.
The Orissa High Court addressed a petition challenging the Commissioner of Income Tax (CIT) Exemption's decision dated 23rd October 2023, which rejected the petitioner's application for condonation of delay in filing Form-10B. The petitioner's delay was attributed to the mistaken timely filing of Form-10BB instead of Form-10B. The revenue conceded that since the incorrect form was filed within the prescribed time, the petitioner's delay did not amount to laches but was due to an honest mistake. The Court, acknowledging the revenue's fair stance, set aside the impugned order and directed acceptance of the application for condonation of delay, allowing Form-10B to be treated as duly submitted. The writ petition was accordingly disposed of.
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