2024 (7) TMI 141

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....n Ratnam, CIT. DR For the Respondent : Shri M. K. Patel, Advocate ORDER PER SHRI NARENDRA PRASAD SINHA, AM: This appeal is filed by the Revenue against the order of the National Faceless Appeal Centre (NFAC) (in short 'the CIT(A)') dated 11.12.2023 for A.Y. 2014-15. 2. The brief facts of the case are that the assessee filed its return of income for A.Y. 2014-15 on 28.11.2014 declari....

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.... Section 12A(b) of the Act. The assessee had preferred an appeal against the rectification order before the First Appellate Authority, which was decided vide the impugned order and the appeal of the assessee was allowed. 4. Now, the Revenue is in appeal before us and the following ground has been taken in this appeal: "1. Whether on the facts and in the circumstances of the case, Ld. C....

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....ssessee. 7. We have carefully considered the facts of the case. It is found that the return of income for this year was filed by the assessee on 29.11.2014, whereas Form No.10 was filed one day later on 30.11.2014. The CPC had disallowed the claim for deduction under Section 11(2) of the Act presumably for the reason that the Form No.10 was not filed along with the return of income. It is found....

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....ised return was filed on 16/07/2016, a copy of which has been brought on record. The assessee has also brought on record the evidence for filing of Form No.10 as well as Form No.10B on 30.11.2014, which was within the due date as prescribed under the Act and Rules. 8. The only grievance of the Revenue is that the Ld. CIT(A) was not correct in allowing deduction under Section 11(2) of the Act fo....