2025 (2) TMI 653

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....<br>THE HONOURABLE MR. JUSTICE KRISHNAN RAMASAMY For the Appellant : Ms. G. Vardhini Karthik For the Respondents : Dr. B. Ramaswamy Senior Standing Counsel ORDER This writ petition is filed challenging the order dated 24.12.2021 passed by the first respondent for the Assessment Year 2020-21, and further, direct the respondents to remove the consequential demand for AY 2020-21 uploaded in the p....

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....for extending the time line and hence, the impugned assessment order is liable to be set aside and the respondents should be directed to remove the consequential demand uploaded in the portal for the AY 2020-21. 3. On behalf of the respondent Mr. Dr. B. Ramaswamy, Senior Standing Counsel has strongly made his opposition for the submissions raised by the learned counsel for the petitioner. Since t....

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....tion 11 has been claimed in Sl.No.4i to 4viii of Schedule Part B-TI. In order to allow Exemption, u/s.11 various conditions specified in section 12A of I.T. Act has to be satisfied. As per Section -12A(1)(b) of Income tax Act read with 1st proviso to Rule 12(2) of the Income Tax Rules, Audit report in Form 10B has to be e filed one month before the due date prescribed u/s 139(1) of I.T. Act i.e. 1....

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....h before the due date of filing the return of income under Section 139(1), the exemption claimed by the petitioner has not been allowed." By citing the above paragraph, he strongly opposed to allow this writ petition. 4. Heard both sides and perused the records. 5. It is clear that the reports were filed on 14.02.2021 and the due date for filing the reports under Section 139 of the Income Tax ....