https://www.taxtmi.com/caselaws?id=771228 The Orissa HC set aside the Commissioner of Income Tax's order denying condonation of 76-day delay in filing Form 10B audit report under Section 12A. The court found the petitioner demonstrated "genuine hardship" warranting liberal consideration under Section 119(2)(b). The Commissioner erred by applying a superseded 2015 circular instead of the current 2024 circular and failed to exercise conscientious discretion. The HC directed the CIT to grant consequential relief, accept the delayed audit report as timely filed, and re-examine the assessment demand accordingly. en-us Fri, 25 Apr 2025 00:00:00 +0530 Thu, 05 Mar 2026 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771228 The Orissa HC set aside the Commissioner of Income Tax's order denying condonation of 76-day delay in filing Form 10B audit report under Section 12A. The court found the petitioner demonstrated "genuine hardship" warranting liberal consideration under Section 119(2)(b). The Commissioner erred by applying a superseded 2015 circular instead of the current 2024 circular and failed to exercise conscientious discretion. The HC directed the CIT to grant consequential relief, accept the delayed audit report as timely filed, and re-examine the assessment demand accordingly. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771228