2024 (6) TMI 1027

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....Pati, Addl. CIT/Sr. DR ORDER PER SONJOY SARMA, JM: This appeal of the assessee for the assessment year 2020-21 is directed against the order dated 31.01.2024 passed by the ld. Commissioner of Income-tax, Appeal, Addl/JCIT (A)-1, Chennai [hereinafter referred to as 'the 'ld. CIT(A)']. 2. At the outset, ld. AR of the assessee stated that the appeal is filed against the order of ld. CIT(A....

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....(b) of the Act. The ld. AR further stated that the Ld. Commissioner of Income-tax (Exemption), Kolkata has passed an order dated 14.05.2024 u/s 119(2)(b) of the Act condoning the delay occurred in filing the audit report in Form No. 10B for the assessment year in question. He furnished the copy of the above referred order dated 14.05.2024 which is as under: "1. The assessee has filed appl....

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....ecided accordingly. 5. As per Rule 17B of the Income Tax Rules, 1962, the audit report of the accounts of assessee has to be furnished in Form 10B. 6. The assessee has furnished Audit Report in Form 10B for the Assessment Year 2020-21 electronically on 22/03/2021 whereas the prescribed due date was 15/01/2021. Thus there has been a delay of Sixty Six (66) days. 7. As per....

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....JCIT(A)-1, Chennai, CPC, Bengaluru to take into account the above referred order dated 14.05.2024 passed by ld. Commissioner of Income-tax (Exemption), Kolkata condoning the delay occurred in filing the audit report in Form No. 10B and in pursuance of the said order direction may be given to allow the deductions for applications and accumulation u/s 11 of the Act as claimed by the assessee in its ....