https://www.taxtmi.com/caselaws?id=787806 Rejection of a condonation application for belated filing of Form 10B was quashed and remitted for fresh consideration because the reasons for delay (illness, management change, late discovery of demand) warranted balancing against the statutory purpose of condonation and the public interest in deciding substantive entitlement. An intimation denying deduction under Section 11 solely for procedural delay in filing Form 10B was set aside: procedural non compliance, where substantive entitlement and supporting tax audit evidence exist, will not automatically extinguish the exemption and the claim must be reopened for merits adjudication after compliance and payment of a token cost. en-us Mon, 02 Mar 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787806 Rejection of a condonation application for belated filing of Form 10B was quashed and remitted for fresh consideration because the reasons for delay (illness, management change, late discovery of demand) warranted balancing against the statutory purpose of condonation and the public interest in deciding substantive entitlement. An intimation denying deduction under Section 11 solely for procedural delay in filing Form 10B was set aside: procedural non compliance, where substantive entitlement and supporting tax audit evidence exist, will not automatically extinguish the exemption and the claim must be reopened for merits adjudication after compliance and payment of a token cost. Case-Laws Income Tax Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787806