https://www.taxtmi.com/caselaws?id=788820 Section 119(2)(b) requires a liberal construction of "genuine hardship" where a delayed Form 10-IC filing is bona fide and the assessee is otherwise substantively eligible for the concessional regime under section 115BAA. The delay was said not to be deliberate, concocted, or mala fide, and refusal to condone would deny the lower tax rate and impose a heavier tax burden. On that reasoning, the delay should have been condoned and Form 10-IC accepted for the relevant assessment year. en-us Mon, 16 Mar 2026 00:00:00 +0530 Sat, 28 Mar 2026 08:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788820 Section 119(2)(b) requires a liberal construction of "genuine hardship" where a delayed Form 10-IC filing is bona fide and the assessee is otherwise substantively eligible for the concessional regime under section 115BAA. The delay was said not to be deliberate, concocted, or mala fide, and refusal to condone would deny the lower tax rate and impose a heavier tax burden. On that reasoning, the delay should have been condoned and Form 10-IC accepted for the relevant assessment year. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788820