ITAT condones 24-Day delay in filing Form 10B due to Technical Issues, Grants Exemption u/s 11 of Income Tax Act

The Income Tax Appellate Tribunal (ITAT) condoned a day’s delay in filing Form B, due to technical issues with the e-filing system. The assesse had requested an exemption from penalties for the delay, arguing that the delay was caused by unforeseen circumstances and not intentional negligence. The tribunal granted the exemption under Section 119(2)(b) of the Income Tax Act, which allows for relief in cases of genuine hardship. The decision illustrates the tribunal's understanding of the complexities involved in online filing systems, recognizing that technical glitches can lead to delays, and provided relief to the taxpayer by ruling in their favor.