https://www.taxtmi.com/caselaws?id=753118 Telangana HC allowed petition challenging rejection of application under Section 119(2)(b) for condonation of delay in filing Form 10B. Petitioner, a Section 12A exempt establishment operating for 25 years, faced delays of 161 days (AY 2018-19) and 3 days (AY 2020-21) in submitting Form 10B. Court found the impugned order failed to consider petitioner's explanation or provide specific findings on reasonableness of cause for delay. Noting CBDT circular authorizing Commissioners to entertain such applications liberally for delays under 365 days, HC set aside the order, condoned the delay, and remitted matter back for decision on merits. en-us Mon, 08 Apr 2024 00:00:00 +0530 Sat, 25 May 2024 08:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753118 Telangana HC allowed petition challenging rejection of application under Section 119(2)(b) for condonation of delay in filing Form 10B. Petitioner, a Section 12A exempt establishment operating for 25 years, faced delays of 161 days (AY 2018-19) and 3 days (AY 2020-21) in submitting Form 10B. Court found the impugned order failed to consider petitioner's explanation or provide specific findings on reasonableness of cause for delay. Noting CBDT circular authorizing Commissioners to entertain such applications liberally for delays under 365 days, HC set aside the order, condoned the delay, and remitted matter back for decision on merits. Case-Laws Income Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753118