2023 (8) TMI 1627

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....nani ORDER PER R.S. SYAL, VP: This appeal by the assessee is directed against the order dt. 06-02-2023 passed by the CIT(A) in National Faceless Appeal Centre (NFAC) u/s. 250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2018-19. 2. Briefly stated, the facts of the case are that the assessee e-filed its return declaring total income ....

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....nd uploaded on 05-03-2022, which did not satisfy the conditions for exemptions u/s. 12A, namely, that the Audit report should be signed before the specified date and the said Audit report in Form No. 10B should be furnished before the stipulated date. This is how the assessee's appeal came to be dismissed. Aggrieved thereby, the assessee has come up in appeal before the Tribunal. 3. We have hea....

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.... the gross receipts of the assessee were Rs. 4,31,18,956/- and no deduction was allowed for expenses to the tune of Rs. 4,95,86,799/-. We have gone through the Income and Expenditure account of the assessee, whose copy has been placed at page 18 of the paper book. Total of gross receipts on the Income side comes to Rs. 4,31,18,955/-, which has been correctly considered by the AO. However, the amou....