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 under Section 119(2)(b) where reasonable cause is established and the accumulated amount is invested in prescribed modes. Circular No. 7/2018 permits Commissioners to consider such delayed forms for the first year of mandatory electronic filing. Investment of surplus in eligible term deposits supports the exemption claim. Condonation should advance substantial justice where refusal would cause genuine hardship, particularly if the delay was neither deliberate nor unexplained, 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 under Section 119(2)(b) where reasonable cause is established and the accumulated amount is invested in prescribed modes. Circular No. 7/2018 permits Commissioners to consider such delayed forms for the first year of mandatory electronic filing. Investment of surplus in eligible term deposits supports the exemption claim. Condonation should advance substantial justice where refusal would cause genuine hardship, particularly if the delay was neither deliberate nor unexplained, 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