https://www.taxtmi.com/caselaws?id=790570 Bombay HC held that a short, bona fide delay in filing Form 10-IC could be condoned under Section 119(2)(b) where Section 115BAA(5) did not treat timely filing of the return as a condition precedent for the tax benefit. The Court found that Circular No. 06/2022 could not override the statutory scheme and that the delay was explained by COVID-19 disruption, staff termination in the finance function, and genuine hardship. As this was the first year of compliance, a liberal approach was warranted. The rejection of condonation was set aside and the assessee was granted the benefit under Section 115BAA. en-us Tue, 21 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790570 Bombay HC held that a short, bona fide delay in filing Form 10-IC could be condoned under Section 119(2)(b) where Section 115BAA(5) did not treat timely filing of the return as a condition precedent for the tax benefit. The Court found that Circular No. 06/2022 could not override the statutory scheme and that the delay was explained by COVID-19 disruption, staff termination in the finance function, and genuine hardship. As this was the first year of compliance, a liberal approach was warranted. The rejection of condonation was set aside and the assessee was granted the benefit under Section 115BAA. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790570