Form 10BB Delay Due to CA’s Error: Bombay HC Allows Condonation

Institute of Actuaries of India Vs CIT (Bombay High Court) The petitioner, a charitable educational institution, filed its income tax return on 30 October 2018 declaring NIL income after claiming exemptions under Sections 11 and 10(23C)(vi) of the Income Tax Act, 1961, amounting to ₹17.66 crore. The audit report in Form 10BB was uploaded on 27 October 2018—before the due date of 31 October 2018—but was verified on the e-filing portal only on 19 January 2019. The delay of 81 days occurred because the Chartered Accountant failed to instruct the authorized signatory to complete the verifica...