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of The HC quashed and set aside the impugned order of Respondent No.1 issued under Section 119(2)(b), and condoned an 84-day delay in filing Form No.10B. Consequently, the petitioner is not to be deprived of exemption under Section 11 on the ground of the delayed audit report; the denial of benefits was held to cause genuine hardship and was therefore inappropriate. The court found the authority's refusal unduly pedantic, endorsing a justice-oriented discretionary exercise consistent with prior judicial approaches, and directed that the petitioner's belated Form No.10B be treated as valid for purposes of claiming Section 11 exemption.
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