https://www.taxtmi.com/caselaws?id=793817 Condonation of delay in filing Form 10-IC for Assessment Year 2024-25 under Section 119(2)(b) was examined in light of a CBDT circular that covered only Assessment Years 2020-21, 2021-22 and 2022-23. The Court treated the power under Section 119(2)(b) as a statutory power and held that, where no relevant circular covered the year in question, the application could not be rejected merely for that reason; it had to be considered by the competent authority on merits. The rejection order was quashed and the matter was directed to be reconsidered on a fresh application in accordance with law. en-us Fri, 19 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 07:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793817 Condonation of delay in filing Form 10-IC for Assessment Year 2024-25 under Section 119(2)(b) was examined in light of a CBDT circular that covered only Assessment Years 2020-21, 2021-22 and 2022-23. The Court treated the power under Section 119(2)(b) as a statutory power and held that, where no relevant circular covered the year in question, the application could not be rejected merely for that reason; it had to be considered by the competent authority on merits. The rejection order was quashed and the matter was directed to be reconsidered on a fresh application in accordance with law. Case-Laws Income Tax Fri, 19 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793817