Bombay HC Condones 2732-day Delay in Electronic Filing of Form 10B

Borivli Education Society Vs CIT (Exemption) (Bombay High Court) The Bombay High Court addressed a petition filed by an educational society challenging the rejection of its application for condonation of delay in electronically filing Form 10B for claiming exemption under Section 11 of the Income Tax Act, 1961 for Assessment Year 2014-15. The society had filed Form 10B manually within the prescribed period, which was not disputed by the Revenue. However, the form was not uploaded electronically, as the society’s Chartered Accountant was under the bona fide impression that electronic filing w...