https://www.taxtmi.com/caselaws?id=794167 Delay in filing Form 10B audit reports was treated as a procedural lapse, not a ground to deny exemption under Section 12A where sufficient cause and genuine hardship were shown. The HC held that the authority under Section 119(2)(b) had not properly applied its mind, especially in light of the continuing Covid-19 situation, and that substantial justice should prevail over technicality. The refusal to condone delay was found arbitrary on the facts. The rejection order was set aside, and the matter was remitted for consideration of the audit reports and consequential relief by treating them as filed within time. en-us Thu, 25 Jun 2026 00:00:00 +0530 Wed, 01 Jul 2026 08:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794167 Delay in filing Form 10B audit reports was treated as a procedural lapse, not a ground to deny exemption under Section 12A where sufficient cause and genuine hardship were shown. The HC held that the authority under Section 119(2)(b) had not properly applied its mind, especially in light of the continuing Covid-19 situation, and that substantial justice should prevail over technicality. The refusal to condone delay was found arbitrary on the facts. The rejection order was set aside, and the matter was remitted for consideration of the audit reports and consequential relief by treating them as filed within time. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794167