https://www.taxtmi.com/caselaws?id=787636 Section 119(2)(b) permits condonation of delay in acceptance or verification of Form No. 10B where the delay is bona fide and refusal would cause genuine hardship. COVID-19 disruptions, extended compliance timelines, a timely audit report, inadvertent non-verification by a managing trustee, and confusion arising from an advanced filing deadline are relevant factors. A justice-oriented exercise of discretion may preserve Section 11 exemption by treating the return as timely filed where a short delay is satisfactorily explained. en-us Wed, 04 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787636 Section 119(2)(b) permits condonation of delay in acceptance or verification of Form No. 10B where the delay is bona fide and refusal would cause genuine hardship. COVID-19 disruptions, extended compliance timelines, a timely audit report, inadvertent non-verification by a managing trustee, and confusion arising from an advanced filing deadline are relevant factors. A justice-oriented exercise of discretion may preserve Section 11 exemption by treating the return as timely filed where a short delay is satisfactorily explained. Case-Laws Income Tax Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787636