https://www.taxtmi.com/highlights?id=88267 HC allowed the petition challenging CIT(E)'s rejection of delay condonation for Form 10B filing. The court held that while "genuine hardship" may not have a broad interpretation, authorities must exercise discretionary powers judiciously when an assessee establishes legitimate circumstances preventing timely compliance. The HC directed CIT(E) to issue an order condoning the thirty-day delay in filing Form 10B for Assessment Year 2022-23, finding the original rejection erroneous and emphasizing that administrative powers must be exercised with due consideration of substantive hardship. en-us Sat, 10 May 2025 08:36:36 +0530 Sat, 10 May 2025 08:37:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88267 HC allowed the petition challenging CIT(E)'s rejection of delay condonation for Form 10B filing. The court held that while "genuine hardship" may not have a broad interpretation, authorities must exercise discretionary powers judiciously when an assessee establishes legitimate circumstances preventing timely compliance. The HC directed CIT(E) to issue an order condoning the thirty-day delay in filing Form 10B for Assessment Year 2022-23, finding the original rejection erroneous and emphasizing that administrative powers must be exercised with due consideration of substantive hardship. Highlights Income Tax Sat, 10 May 2025 08:36:36 +0530 https://www.taxtmi.com/highlights?id=88267