Bombay HC Condones 11-Day Delay in Filing Form 10-IC Due to Genuine Hardship

Rama Industries Ltd Vs PCIT (Bombay High Court)

In Rama Industries Ltd. vs PCIT, the Bombay High Court examined the rejection of an application for condonation of delay in filing Form No. 10-IC for Assessment Year 2020–21. The impugned order dated 28th January 2025, passed under Section 119(2)(b) of the Income-tax Act, 1961, refused to condone a delay of 11 days in filing Form 10-IC. As a result, the petitioner was denied the benefit of taxation at the lower rate under Section 115BAA and exemption from Minimum Alternate Tax under Section 115JB, leading to a demand of Rs.

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