https://www.taxtmi.com/caselaws?id=795936 Belated filing of Form No. 10 for accumulation of charitable income for Assessment Year 2016-17 may be condoned where reasonable cause exists and the accumulated amount was invested in prescribed modes. Circular No. 7/2018 permitted Commissioners to consider delayed filings for that first year of electronic filing. The note states that investment in eligible term deposits and the genuine hardship caused by refusal supported condonation. The power under Section 119(2)(b) should advance substantial justice after considering whether the delay was deliberate or unexplained, thereby enabling exemption for accumulated income under Section 11. en-us Thu, 16 Jul 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795936 Belated filing of Form No. 10 for accumulation of charitable income for Assessment Year 2016-17 may be condoned where reasonable cause exists and the accumulated amount was invested in prescribed modes. Circular No. 7/2018 permitted Commissioners to consider delayed filings for that first year of electronic filing. The note states that investment in eligible term deposits and the genuine hardship caused by refusal supported condonation. The power under Section 119(2)(b) should advance substantial justice after considering whether the delay was deliberate or unexplained, thereby enabling exemption for accumulated income under Section 11. Case-Laws Income Tax Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795936