Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC quashed and set aside the impugned order dated 26 March 2025 passed by the respondent under s.119(2)(b) and condoned a delay of 133 days in electronically filing Form No.10B for AY 2019-20. The court found the lapse was inadvertent, not deliberate or mala fide, attributable to the petitioner's auditor, and the petitioner-a charitable trust running educational institutions-had otherwise complied with statutory requirements and obtained the audit report timely. Refusal to condone would have caused grave injustice and financial hardship. Consequently, the denial of exemption under s.11 premised solely on the technical non-filing was effectively set aside and relief granted.
The HC quashed and set aside the impugned order dated 26 March 2025 passed by the respondent under s.119(2)(b) and condoned a delay of 133 days in electronically filing Form No.10B for AY 2019-20. The court found the lapse was inadvertent, not deliberate or mala fide, attributable to the petitioner's auditor, and the petitioner-a charitable trust running educational institutions-had otherwise complied with statutory requirements and obtained the audit report timely. Refusal to condone would have caused grave injustice and financial hardship. Consequently, the denial of exemption under s.11 premised solely on the technical non-filing was effectively set aside and relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
