Tag Archives: Exemptions

One-Day Delay in Filing Form 10B During COVID-19 Condoned Due to Genuine Hardship

By | September 3, 2026
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One-Day Delay in Filing Form 10B During COVID-19 Condoned Due to Genuine Hardship Issue Whether a one-day delay in filing the audit report in Form 10B during the COVID-19 period should be condoned under Section 119(2)(b) when the delay causes genuine hardship to a charitable trust claiming tax exemption under Section 11. Facts Assessee Status:… Read More »

Penalty under Section 272A(2)(e) must be restricted to Section 139(4) deadline, not Section 148 return date.

By | September 2, 2026
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Penalty under Section 272A(2)(e) must be restricted to Section 139(4) deadline, not Section 148 return date. Issue Whether penalty under Section 272A(2)(e) for failure to furnish a return of income under Section 139 is to be computed up to the date of filing the return in response to a Section 148 notice, or restricted only… Read More »