https://www.taxtmi.com/caselaws?id=773382 Orissa HC set aside CIT (Exemption) order denying benefit under Section 12A due to eight-day delay in submitting audit report in Form-10B. Court held that CIT failed to apply conscientious mind and did not properly consider condonation of delay under Section 119(2)(b) read with Circular No.16/2024. Emphasizing substantial justice over technicality, HC found genuine hardship existed and CIT's refusal to condone delay was arbitrary. Matter remitted to CIT for reconsideration of exemption claim. en-us Tue, 17 Jun 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773382 Orissa HC set aside CIT (Exemption) order denying benefit under Section 12A due to eight-day delay in submitting audit report in Form-10B. Court held that CIT failed to apply conscientious mind and did not properly consider condonation of delay under Section 119(2)(b) read with Circular No.16/2024. Emphasizing substantial justice over technicality, HC found genuine hardship existed and CIT's refusal to condone delay was arbitrary. Matter remitted to CIT for reconsideration of exemption claim. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773382