Delayed judgment pronouncement alone does not invalidate Tribunal orders, while rectification cannot reopen evidence or negate confiscation-related pe...
Agricultural-land reinvestment qualifies when transfer consideration precedes replacement purchase, while unexamined claims may be reassessed on escap...
Bona fide public fixed-deposit explanations prevent concealment penalties where unexplained-credit additions lack independent evidence of undisclosed ...
Condonation of a 30-day delay in furnishing Form No. 10B for charitable-exemption purposes may be granted under section 119(2)(b) where refusal would cause genuine hardship. Genuine hardship must be construed liberally, with substantial justice preferred over technical non-compliance, absent deliberate delay, culpable negligence or mala fides. A bona fide misunderstanding of an advanced filing due date during the COVID-19 period, coupled with filing before the extended return due date, supported condonation. A pending condonation application did not require the charitable institution to await its disposal. Form No. 10B was treated as timely filed, and the return was to be processed accordingly.
Condonation of a 30-day delay in furnishing Form No. 10B for charitable-exemption purposes may be granted under section 119(2)(b) where refusal would cause genuine hardship. Genuine hardship must be construed liberally, with substantial justice preferred over technical non-compliance, absent deliberate delay, culpable negligence or mala fides. A bona fide misunderstanding of an advanced filing due date during the COVID-19 period, coupled with filing before the extended return due date, supported condonation. A pending condonation application did not require the charitable institution to await its disposal. Form No. 10B was treated as timely filed, and the return was to be processed accordingly.
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