https://www.taxtmi.com/caselaws?id=774614 Bombay HC allowed petition challenging denial of exemption under Section 11 of IT Act due to 24-day delay in filing Form 10B. Court held that despite application for condonation being filed 9 months later, the short delay should not deny substantial tax exemption benefits. Citing Sarvodaya Charitable Trust precedent, court emphasized authorities must take equitable approach in such cases given discretionary powers to condone delays. Revenue's argument that Form 10B lacked digital signature was rejected as factually incorrect, with court finding proper digital signature present. Impugned order quashed and delay condoned. en-us Mon, 07 Jul 2025 00:00:00 +0530 Sat, 23 May 2026 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774614 Bombay HC allowed petition challenging denial of exemption under Section 11 of IT Act due to 24-day delay in filing Form 10B. Court held that despite application for condonation being filed 9 months later, the short delay should not deny substantial tax exemption benefits. Citing Sarvodaya Charitable Trust precedent, court emphasized authorities must take equitable approach in such cases given discretionary powers to condone delays. Revenue's argument that Form 10B lacked digital signature was rejected as factually incorrect, with court finding proper digital signature present. Impugned order quashed and delay condoned. Case-Laws Income Tax Mon, 07 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774614