https://www.taxtmi.com/caselaws?id=785967 Denial of exemption to a charitable trust based solely on delayed filing of Form 10BB was criticised: the court held that a procedural lapse should not defeat a taxpayer's substantive entitlement to statutory exemption, applying the principle that tax cannot be retained when not due, and relied on precedent refusing to allow collection of amounts not legitimately due; operative effect was that the trust's entitlement to exemption could not be denied for the filing delay, but the petitioner was directed to pay Rs. 50,000 in view of the late application. en-us Tue, 06 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785967 Denial of exemption to a charitable trust based solely on delayed filing of Form 10BB was criticised: the court held that a procedural lapse should not defeat a taxpayer's substantive entitlement to statutory exemption, applying the principle that tax cannot be retained when not due, and relied on precedent refusing to allow collection of amounts not legitimately due; operative effect was that the trust's entitlement to exemption could not be denied for the filing delay, but the petitioner was directed to pay Rs. 50,000 in view of the late application. Case-Laws Income Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785967