Registration approved despite delay in filing audit report. Commissioner should have condoned delay instead of rejecting application.

Registration approved despite delay in filing audit report. Commissioner should have condoned delay instead of rejecting application. https://www.taxtmi.com/highlights?id=80428 Registration u/s 12A - Rejection of petitioner's application u/s 119(2)(b) for delay in filing audit report in Form-10B. Held that petitioners are entitled to succeed. Delay in filing audit report in Form-10B can at best be 30 days, as law requires report to be uploaded at least a month before due date for filing returns. Considering extent of delay, Commissioner should have exercised jurisdiction u/s 119(2)(b) to condone delay instead of taking strict view. Relying on Al Jamia Mohammediyah Education Society case, writ petitions allowed by quashing orders dismissing petitioners' applications u/s 119(2)(b). Delay in filing audit report in Form-10B stands condoned. en-us Wed, 14 Aug 2024 08:33:55 +0530 Wed, 14 Aug 2024 08:33:55 +0530 TaxTMI RSS Generator Registration approved despite delay in filing audit report. Commissioner should have condoned delay instead of rejecting application. https://www.taxtmi.com/highlights?id=80428 Registration u/s 12A - Rejection of petitioner's application u/s 119(2)(b) for delay in filing audit report in Form-10B. Held that petitioners are entitled to succeed. Delay in filing audit report in Form-10B can at best be 30 days, as law requires report to be uploaded at least a month before due date for filing returns. Considering extent of delay, Commissioner should have exercised jurisdiction u/s 119(2)(b) to condone delay instead of taking strict view. Relying on Al Jamia Mohammediyah Education Society case, writ petitions allowed by quashing orders dismissing petitioners' applications u/s 119(2)(b). Delay in filing audit report in Form-10B stands condoned. Highlights Income Tax Wed, 14 Aug 2024 08:33:55 +0530 https://www.taxtmi.com/highlights?id=80428