Delay in filing Form No. 10 condoned as likely to cause genuine hardship

KSB Care Charitable Trust Vs CIT (Exemption) (Bombay High Court) Bombay High Court held that delay in filing of Form No. 10 was condoned since activities of trust are genuine and denial of benefit of accumulation u/s. due to delay in Form No. 10 would cause genuine hardship. Facts- The present Writ Petition challenges the impugned order dated 24th April 2025 passed by Respondent No.1 for A.Y. 2016-17 under Section 119(2)(b) of the Income-tax Act, 1961 rejecting the Petitioner’s application dated 16th October 2023 for condonation of delay in filing Form No. 10. Respondent No. 1 has, by the i...