The Madras High Court has allowed condonation of a one-day delay in filing Form 10B, asserting that Section 119(2)(b) does not impose a strict time limit and that genuine hardship exists. This ruling could ease compliance issues for taxpayers experiencing difficulties.
Madras HC Allows Form 10B Delay Condonation for Genuine Hardship
The Madras High Court has issued a ruling condoning a one-day delay in the submission of Form 10B, relevant for certain tax deductions. The court determined that Section 119(2)(b) of the Income Tax Act does not impose a strict statutory time limit, particularly in cases demonstrating genuine hardship.
This judgment indicates the judiciary's openness to considering individual circumstances that complicate compliance. The court explicitly acknowledged the presence of genuine hardship that disrupts timely filing, thereby allowing the late submission.
For tax professionals, this ruling offers clarity regarding the flexibility of filing regulations under Section 119, which can be beneficial when advising clients facing filing difficulties due to unforeseen circumstances. It reinforces the importance of presenting compelling evidence of hardship to seek relief in compliance matters.
Citations
- Madras HC Case (2026) Volume Reporter Page
