2025 (1) TMI 971

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....e : Shri Arvind Desai ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : This appeal filed by the Revenue pertaining to the Assessment Year 2019-20 is directed against the order dated 03.10.2024 passed by the National Faceless Appeal Centre, Delhi passed u/s.250 of the Income-tax act, 1961 (in short 'the Act') which inturn is arising out of the Rectification order u/s.154 of the Act. 2. T....

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.... allowed the exemption claimed by the assessee u/s.11 and 12 of the Act by observing as under : "5. Observation and Decision: In Ground Nos. 1 and 2, the Appellant has contested the order u/s 154 of the IT act, 1961 dated 30-03-2023 for the A.Y. 2019-20 of the AO of rejecting the claim of exemption u/s 11 and 12 of the Act. Both these grounds are taken up together for the sake of....

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....artered Accountant. It is also further observed that the Appellant is also registered u/s.12AA vide registration No. PN/CIT/(Exempt)/TECH/12AA /A'bad/RG1153 /313/2016-17/1007 dated 25-04-2016. It is further observed that receipts and expenditures made for charitable purpose indicates that the expenditure is more than 85% of the total receipts on the aims and objectives of the trust and the amo....

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....n u/s.11 of the Act by accepting the Form No.10B. 5. When the appeal was called for, none appeared on behalf of the respondent assessee despite due service of notice of hearing. We therefore dispose of the appeal with the able assistance from the ld. Departmental Representative ex-parte the respondent assessee. 6. We have heard the ld. Departmental Representative and perused the record place....