2010 (4) TMI 275

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....8, in respect of Assessment Years 2003-04 to 2005-06, condoning the delay and directing the Commissioner of Income Tax to grant registration certificate to the assessee respondent Market Committee, Grain Market, Sector 26, Chandigarh. 2. The facts are undisputed. The income of the assessee-respondent was exempt under Section 10(20) of the Act before amendment by the Finance Act, 2002, which came into force from 1.4.2003. The Market Committees were excluded from the purview of Section 10(20) of the Act with effect from the assessment year 2003-04. Accordingly, the assessee-respondent filed an application dated 14.3.2006 for registration under Section 12A of the Act w.e.f. 1.4.2002 to get its income exempt. The Commissioner held that the a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed the Tribunal and vide the impugned order dated 31.3.2009 (A-6), the Tribunal has condoned the delay and directed the Commissioner of Income Tax to grant registration under Section 12A of the Act to the assessee-respondent with effect from 1.4.2002. 5. The view of the Tribunal is discernible from the last para of its order. It has been observed that had the assessee-respondent been a party to the proceedings before the Delhi Bench where 251 Market Committees of Punjab and Haryana were parties, then the question of seeking condonation of delay would not have arisen. It is pertinent to mention that the Delhi Bench of the Tribunal had condoned the delay in its order dated 14.3.2005, which is now reported as Market Committee Sullar Gharat ....