https://www.taxtmi.com/caselaws?id=787636 Condonation of a 113 day delay in acceptance/verification of Form No.10B is considered under the discretionary power in Section 119(2)(b); the article explains that where delay is short, bona fide, and caused by pandemic-related disruptions and inadvertence, hardship from refusal (including loss of exemption under income tax law) justifies liberal exercise of discretion. It summarises reasoning that timely audit report filing, COVID-19 lockdowns, preponement of due dates, and comparable precedents support condonation to advance substantial justice, and states the operative effect that the delayed filing should be treated as filed within time and processed accordingly. 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 Condonation of a 113 day delay in acceptance/verification of Form No.10B is considered under the discretionary power in Section 119(2)(b); the article explains that where delay is short, bona fide, and caused by pandemic-related disruptions and inadvertence, hardship from refusal (including loss of exemption under income tax law) justifies liberal exercise of discretion. It summarises reasoning that timely audit report filing, COVID-19 lockdowns, preponement of due dates, and comparable precedents support condonation to advance substantial justice, and states the operative effect that the delayed filing should be treated as filed within time and processed accordingly. Case-Laws Income Tax Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787636