Madras HC Grants Interim Relief to Charitable Trust in Form 10B Delay Condonation Case

Akshara Charitable Trust Vs CIT (Exemptions) (Madras High Court) Madras HC grants interim relief to Trust – directs no coercive action in Form 10B delay condonation dispute Madras High Court granted interim protection to the petitioner-trust against rejection of its condonation petitions u/s 119(2)(b) for belated filing of Form 10B (Audit Report). The petitioner, a charitable trust registered in Hosur, had filed its returns for AYs 2020-21 & 2021-22 within time but uploaded Form 10B belatedly—with delays of 1,670 & 1,274 days respectively. The CIT (Exemptions) rejected both condona...