https://www.taxtmi.com/caselaws?id=778423 The HC allowed the petition and condoned the belated filing of Form 10B by a public charitable trust, finding no allegation of mala fide intent and acknowledging prolonged charitable activity. The court held that, although authorities may technically reject delay condonation, equitable and judicious exercise of discretion is warranted where the trust substantially meets exemption conditions. The HC found no lethargy or lack of bona fides and directed that the trust not be denied exemption solely on limitation grounds, exercising its discretion to condone the delay. en-us Thu, 14 Aug 2025 00:00:00 +0530 Mon, 15 Sep 2025 11:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778423 The HC allowed the petition and condoned the belated filing of Form 10B by a public charitable trust, finding no allegation of mala fide intent and acknowledging prolonged charitable activity. The court held that, although authorities may technically reject delay condonation, equitable and judicious exercise of discretion is warranted where the trust substantially meets exemption conditions. The HC found no lethargy or lack of bona fides and directed that the trust not be denied exemption solely on limitation grounds, exercising its discretion to condone the delay. Case-Laws Income Tax Thu, 14 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778423