Technical Delay in Form 10B Filing Not a Ground to Deny Tax Exemption: Madras HC

Suga Jeeva Oozhiyangal Vs CIT (exemption) (Madras High Court) The Madras High Court disposed of a writ petition challenging an order dated 30 April 2024 passed under Section 119(2)(b) of the Income Tax Act, 1961, which had rejected the petitioner’s application for condonation of a delay of 534 days in filing Form No.10B for Assessment Year 2016–2017. The petitioner, a trust constituted on 10 September 2003, had amended its objects on 15 December 2016 and applied for registration under Section 12AA on 26 August 2016. Registration was granted on 2 January 2017 with effect from 1 April 2016. ...