https://www.taxtmi.com/caselaws?id=786496 Short, bona fide delays in filing the Audit Report in Form No.10B may be addressed through delegated administrative discretion to prevent genuine hardship; authorities and circular guidance permit merits-based condonation for delays of limited duration, treating the audit report as filed in time and enabling claim of exemption where substantial compliance is shown. Reliance on prior-year defaults alone is insufficient; decision-makers must apply mind to factors such as length and cause of delay, subsequent compliance, and comparative precedents. Where these conditions are met, the practical effect is that the delayed Form No.10B can be regularised and the return processed as if timely filed. en-us Mon, 09 Feb 2026 00:00:00 +0530 Fri, 13 Feb 2026 09:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786496 Short, bona fide delays in filing the Audit Report in Form No.10B may be addressed through delegated administrative discretion to prevent genuine hardship; authorities and circular guidance permit merits-based condonation for delays of limited duration, treating the audit report as filed in time and enabling claim of exemption where substantial compliance is shown. Reliance on prior-year defaults alone is insufficient; decision-makers must apply mind to factors such as length and cause of delay, subsequent compliance, and comparative precedents. Where these conditions are met, the practical effect is that the delayed Form No.10B can be regularised and the return processed as if timely filed. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786496