Delay in Filing Form 10B Condoned Due to Auditor’s Error: Bombay HC

Vesava Koli Samaj Shikshan Sanstha Vs CIT (Exemption) (Bombay High Court) The Bombay High Court delivered a judgment in the case of Vesava Koli Samaj Shikshan Sanstha Vs CIT (Exemption), setting aside an order that had rejected the petitioner’s application to condone a 181-day delay in filing Form No. 10B (Audit Report) for the Assessment Year (A.Y.) 2019-20. The court directed the tax authorities to grant the charitable trust consequential relief, allowing its claim for exemption under Sections 11 and 12 of the Income-tax Act, 1961. Case Background The petitioner is a registered Pub...