Bombay HC Condones Charitable Trust’s Tax Form-10B Delay

Sau Dwarkabai Tai Karwa Charitable Public Trust Vs CIT (Bombay High Court)

Bombay High Court has set aside an order by the Commissioner of Income Tax (Exemption), Pune at Nashik, and condoned the delay in filing Form-10B for the Assessment Year 2021-2022 by Sau Dwarkabai Tai Karwa Charitable Public Trust. The High Court’s decision, delivered on August 8, 2024, emphasized a pragmatic approach, considering the trust’s past compliance record, the prevailing COVID-19 pandemic conditions, and the absence of any mala fide intent or undue advantage gained from the delay.

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