https://www.taxtmi.com/caselaws?id=33348 The court ruled in favor of the petitioner, quashing the rejection order by the Commissioner of Income-tax for condonation of delay in filing Form No. 10. The court emphasized that the notice for accumulation of income must be given within the time allowed for filing the return under Section 139(1) of the Income-tax Act, rejecting the petitioner's argument based on Section 139(4). The court directed the respondent to reconsider the application within two months, acknowledging the delay was due to oversight and that the petitioner met the conditions for exemption as a Government organization. en-us Mon, 19 Jan 2009 00:00:00 +0530 Tue, 14 Jun 2011 04:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33348 The court ruled in favor of the petitioner, quashing the rejection order by the Commissioner of Income-tax for condonation of delay in filing Form No. 10. The court emphasized that the notice for accumulation of income must be given within the time allowed for filing the return under Section 139(1) of the Income-tax Act, rejecting the petitioner's argument based on Section 139(4). The court directed the respondent to reconsider the application within two months, acknowledging the delay was due to oversight and that the petitioner met the conditions for exemption as a Government organization. Case-Laws Income Tax Mon, 19 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33348