Supreme Court Dismisses Petition for 488-Day Delay Despite Non-Filing of Form 10B Not Being Fatal Under Section 11

The SC dismissed the petition due to an unexplained delay of 488 days in filing. The HC had earlier allowed the writ petition, setting aside the order rejecting the condonation application under s 119(2)(b) and quashing subsequent orders denying exemption under s 11 for non-filing of Form 10B audit report. The SC held that non-filing of Form 10B is not fatal enough to deny exemption under s 11, but the delay in seeking relief was inordinate and unjustified, warranting dismissal.

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The Supreme Court, through Hon'ble Justices Manoj Misra and Ujjal Bhuyan, dismissed the petition due to an unexplained delay of 488 days in filing. The Court held that "there is no sufficient explanation" for the delay, and accordingly, the petition was dismissed "on the ground of delay." All pending applications were disposed of.

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