2025 (4) TMI 846

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....e assessee filed an affidavit seeking for condonation of delay on medical grounds. We are satisfied with the reasons set-out by the assessee in it's affidavit and, therefore, condone the delay of 32 days in filing the appeal before the Tribunal. We, accordingly, admit the appeal for adjudication. 3. Brief facts of the case are that, the assessee Prathibha Educational Welfare Society is an institution engaged in activities of Education and imparting primary skills. The assessee has filed it's return of income for the assessment year 2020-21 on 03.03.2021 declaring taxable income at Rs. NIL after claiming exemption u/secs. 11 and 12 of the Income Tax Act, 1961 [in short "the Act"]. The assessee had filed it's audit report in Form-10B o....

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....r. 6. Learner Counsel for the Assessee referring to the dates submitted that due to on-going Covid-2019 pandemic outbreak, the assessee could not file it's return of income along with audit report in Form No.10B on or before the extended due date i.e., on 15.02.2021. However, the return of income has been filed by the assessee on 03.03.2021 with a delay of 18 days. Although, the assessee has explained the reasons for delay in filing the return of income and audit report in the prescribed Form No.10B, the Assessing Officer and the learned CIT(A) has rejected the exemption u/sec. 11 of the Act. Therefore, he submitted that exemption claimed by the assessee should be allowed. 7. The Learned DR, on the other hand, supporting the order of ....