Bombay HC Allows 2372-Day Delay in Form 10B Upload Due to Physical Filing

Borivli Education Society Vs CIT (Bombay High Court) Bombay High Court ruled in favor of Borivli Education Society, condoning the delay in electronically filing Form 10B for claiming tax exemption under Section 11 of the Income Tax Act, 1961. The dispute arose when the Income Tax Department rejected the petitioner’s exemption claim for Assessment Year 2014-15, citing a delay of 2732 days in uploading Form 10B electronically. The petitioner had manually submitted the form within the prescribed time, but their Chartered Accountant, under a bona fide impression, believed electronic submission w...