https://www.taxtmi.com/caselaws?id=788277 Condonation of delay in filing Form No.10B for AY 2020-21 under discretionary power was granted where a 31 day delay resulted from a statutory preponement of the audit-report due date and COVID 19 disruptions; the petitioner filed the return on 15 February 2021 and offered a bona fide explanation. Authorities and precedents favour a liberal, justice oriented exercise of discretion for short delays where denial causes substantial prejudice. Reliance was placed on administrative guidance limiting certain late applications to a central authority but noting an alternative remedy. Outcome: the impugned refusal dated 27 February 2025 was quashed and the return to be reprocessed treating Form 10B as filed in time. en-us Mon, 16 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788277 Condonation of delay in filing Form No.10B for AY 2020-21 under discretionary power was granted where a 31 day delay resulted from a statutory preponement of the audit-report due date and COVID 19 disruptions; the petitioner filed the return on 15 February 2021 and offered a bona fide explanation. Authorities and precedents favour a liberal, justice oriented exercise of discretion for short delays where denial causes substantial prejudice. Reliance was placed on administrative guidance limiting certain late applications to a central authority but noting an alternative remedy. Outcome: the impugned refusal dated 27 February 2025 was quashed and the return to be reprocessed treating Form 10B as filed in time. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788277