1992 (7) TMI 117

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....ee. The assessee is a company registered under s. 25 of the Companies Act. The object of the company is to promote religion and secular education and industrious habits among the Ezhava community. The assessee has been registered with the CIT under s. 12A of the IT Act. 2. The assessee has furnished Form No. 10 along with the return of income on 9th Jan., 1978 declaring the intention to accumul....

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....the CIT(A) came to the conclusion that the rejection of the application in Form No. 6 dt. 22nd Dec., 1977 was not communicated to the assessee. If the rejection was not communicated, it could be presumed that the application for extension of time was allowed. In this case, there is no such communication. Hence, the assessee can presume that his application for extension of time was granted. Hence,....

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....1980. 5. On the other hand, the assessee relied on the findings of the CIT(A) on this point. 6. As per para 3 of the Circular with a view to expediting the disposal of application filed by trusts for condoning the delay, the Board has passed a general order under s. 119(2)(b) by which the CITs have been authorised to admit belated applications under s. 11(2) read with r. 17 of the IT Rules, ....