2024 (11) TMI 1415

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.... Parmar, AR For the Respondent : Shri C. Dharani Nath, Sr DR ORDER PER DR. B.R.R. KUMAR, VICE-PRESIDENT : This appeal has been filed by the Assessee against the order passed by the Ld. ADDL/JCIT(A)-1, Bengaluru (hereinafter referred to as "CIT(A)" for short), dated 27.02.2024 passed under Section 250 of the Income-tax Act, 1961 [hereinafter referred to as "the Act" for short], for Assessme....

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.... the orders without properly appreciating the facts and they further erred in grossly ignoring various explanations and information submitted by the appellant from time to time which ought to have been considered before passing the impugned order. The action of the lower authorities is in clear breach of law and Principles of Natural Justice and therefore deserves to be quashed. 5. The Ld. CIT(....

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.... furnishing report was mandatory, filing there of is a procedural aspect. The Hon'ble jurisdictional High Court also held that even though the Form 10B was filed at a later stage, when it was part of the record of the Assessing Officer in course of the processing of the return of income, the Assessing Officer could not have denied the exemption claimed by the assessee u/s 11(1) and 11(2) on the gr....