https://www.taxtmi.com/caselaws?id=773110 The HC set aside the Commissioner of Income Tax (Exemption)'s order denying Section 12A exemption benefits due to delayed audit report submission. The court found the denial arbitrary, noting the petitioner faced genuine hardship during COVID-19 pandemic with technical difficulties preventing timely filing. The HC ruled that mere technicality should not defeat exemption claims and that the Commissioner failed to exercise discretion properly. The matter was remitted back to the tax authority to reconsider the audit report in Form 10B for Section 12A exemption, emphasizing that delayed reports can be accepted with sufficient cause shown. en-us Thu, 08 May 2025 00:00:00 +0530 Thu, 05 Mar 2026 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773110 The HC set aside the Commissioner of Income Tax (Exemption)'s order denying Section 12A exemption benefits due to delayed audit report submission. The court found the denial arbitrary, noting the petitioner faced genuine hardship during COVID-19 pandemic with technical difficulties preventing timely filing. The HC ruled that mere technicality should not defeat exemption claims and that the Commissioner failed to exercise discretion properly. The matter was remitted back to the tax authority to reconsider the audit report in Form 10B for Section 12A exemption, emphasizing that delayed reports can be accepted with sufficient cause shown. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773110