2024 (7) TMI 142

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....Shri Arnab Chakraborty, C.A. For the Revenue : Shri Abhijit Kundu, CIT, D/R ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER: The instant appeal is directed at the instance of the assessee against the order of the learned Commissioner of Income Tax, Appeal, Addl/JCIT(A) -10 Mumbai [hereinafter the "ld. CIT(A)"] dt. 18/01/2024, passed u/s 250 of the Income Tax Act, 1961 ("the Act") for the....

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.... adverse observation of the lower authorities about the correctness of the claim made u/s 11 of the Act, the assessee be allowed the benefit of exemption u/s 11 of the Act. On the other hand, the ld. D/R failed to controvert the contention of the ld. Counsel for the assessee. 4. We have heard rival contentions and perused the material placed before us. We observe that the assessee is a regis....

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....ever, subsequent to the passing of the impugned order on 18/01/2024, assessee's application for condonation of delay in filing Form 10B for Assessment Year 2022-23, dt. 11/04/2023 (filed prior to the passing of impugned order) has been allowed and vide order dt. 30/04/2024, delay of 132 days in filing Form 10B for Assessment Year 2022-23 has been condoned. Since the only ground on which the exempt....