SC Upholds Condonation of Form 10B Delay as delay was Due to Honest Oversight by CA 

CIT (Exemptions) Vs Manav Vikas Bahuudeshiya Gramin Seva Sanstha (Supreme Court of India) The matter arose from a dispute regarding condonation of a delay of 687 days in filing the audit report in Form 10B for the assessment year 2016–17. The respondent authority had refused to condone the delay under Section 119(2)(b) of the Income Tax Act, holding that the reason provided—lack of awareness of newly introduced online filing by the Chartered Accountant—was not genuine. The assessee challenged this decision before the Bombay High Court. Read Bombay HC Judgment in this case: Bombay HC Cond...