https://www.taxtmi.com/caselaws?id=775174 The Allahabad HC allowed the petitioner's appeal challenging the denial of Section 115BAA tax benefits due to delayed filing of Form 10-IC. The PCIT had rejected the condonation application under Section 119(2)(b) despite the petitioner demonstrating genuine hardship through successive family deaths of the person handling tax matters. The HC held that the PCIT adopted an excessively stringent approach, contrary to the remedial intent of Section 119(2)(b). Citing multiple precedents including SC in B.M. Malani and various HC decisions, the court emphasized that "genuine hardship" requires liberal interpretation and procedural delays should not prevent rightful tax benefits when substantial justice is at stake. The HC quashed the PCIT's order and directed condonation of delay, allowing acceptance of Form 10-IC and granting Section 115BAA benefits to the assessee. en-us Thu, 17 Jul 2025 00:00:00 +0530 Fri, 10 Jul 2026 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775174 The Allahabad HC allowed the petitioner's appeal challenging the denial of Section 115BAA tax benefits due to delayed filing of Form 10-IC. The PCIT had rejected the condonation application under Section 119(2)(b) despite the petitioner demonstrating genuine hardship through successive family deaths of the person handling tax matters. The HC held that the PCIT adopted an excessively stringent approach, contrary to the remedial intent of Section 119(2)(b). Citing multiple precedents including SC in B.M. Malani and various HC decisions, the court emphasized that "genuine hardship" requires liberal interpretation and procedural delays should not prevent rightful tax benefits when substantial justice is at stake. The HC quashed the PCIT's order and directed condonation of delay, allowing acceptance of Form 10-IC and granting Section 115BAA benefits to the assessee. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775174