Taxpayer Shouldn’t Suffer for Professional’s Mistake – HC condones Form 10B Delay

Khandelwal Vaishya Samaj Charitable Trust Vs CIT (Exemptions) (Rajasthan High Court) The Rajasthan High Court quashed an order rejecting a charitable trust’s application to condone a delay in filing an audit report (Form 10B), emphasizing that a taxpayer should not suffer due to a professional’s mistake. The Rajasthan High Court has ruled in favor of the Khandelwal Vaishya Samaj Charitable Trust, setting aside an order from the Commissioner of Income Tax (Exemptions) that had denied the trust’s request to condone a delay in filing its audit report (Form 10B). The trust had fi...