2025 (6) TMI 56

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....d/rejected being barred by limitation. 2. The learned AR of the assessee has submitted that due to the mis-communication between the assessee foundation and the Tax Consultant at Delhi, the application for condonation of delay could not be filed before the CIT (Exemption). He has now filed an application for condonation of delay along with an affidavit to explain the cause of delay of 10 and 13 days in filing the applications in Form 10AB seeking registration u/s 12A and approval u/s 80G respectively of the I.T. Act, 1961. The learned AR has thus, submitted that the delay was beyond the control of the assessee and the CIT (Exemption) could have given an opportunity to the assessee to explain the reasons for delay in filing the application.....

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.... his reply. On perusal of the submissions made by the assessee, it is observed that the CPC has issued provisional registration in form 10AC dated 09.05.2023 valid from AY 2024-25 to AY 2026-27. As per the finance Act, 2020, the assessee should have applied form 10AB for regular registration u/s 12A, at least six months before the expiry of provisional registration or within six months from the date of commencement of activities, whichever is earlier. Further, the CBDT vide circular No. 7 of 2024 dated 25.04.2024 extended the time limit for filing of form 10A/10AB till 30.06.2024. However, the assessee has applied form 10AB for regular registration u/s 12A on 10.07.2024, i.e beyond the time limit prescribed for filing of form 10AB. 4. Kee....