https://www.taxtmi.com/caselaws?id=466034 Denial of charitable exemption turned on whether delay in filing Form 10B justified condonation; court accepted bona fide compliance evidenced by timely Form 10 and completed audit, treating the proviso requiring the audit report as procedural and directory, and found the delay inadvertent due to first-year applicability and lack of awareness. Ignorance of law was recognised as not presumptive knowledge in context, and undue hardship from denial of exemption would dilute the trust corpus. Consequently the impugned order refusing relief was quashed and the delay in filing Form 10B for the relevant year was condoned. en-us Thu, 16 Jan 2025 00:00:00 +0530 Tue, 20 Jan 2026 11:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466034 Denial of charitable exemption turned on whether delay in filing Form 10B justified condonation; court accepted bona fide compliance evidenced by timely Form 10 and completed audit, treating the proviso requiring the audit report as procedural and directory, and found the delay inadvertent due to first-year applicability and lack of awareness. Ignorance of law was recognised as not presumptive knowledge in context, and undue hardship from denial of exemption would dilute the trust corpus. Consequently the impugned order refusing relief was quashed and the delay in filing Form 10B for the relevant year was condoned. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466034