2025 (6) TMI 235

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.... and Appeal No.NFAC/2014-15/10055543 passed u/s 250 of the Income Tax Act, 1961 ["the Act"] arising from the order dated 10.09.2021 passed u/s 147 of the Act and order dated 13.09.2021 passed u/s 147 r.w.s. 144B of the Act pertaining to assessment years 2016-17 and 2015-16 respectively. 2. Since similar issues are raised in the captioned appeals filed by the assessee, both appeals are decided by a common order for the sake of brevity. 3. Brief facts of the case are that the assessee society has filed its return of income on 31.03.2017, declaring total income at INR NIL. Thereafter, the assessee has filed revised return of income on 01.06.2017, declaring total income at INR NIL. The AO observed that the assessee society was not registe....

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....been examined and placed on record. Thereafter, the assessee has filed its return of income on 09.02.2021, declaring total income at INR NIL incompliance of notice u/s 148 of the Act. 5. After going through the details filed by the assessee society, it is found that the trust has been granted registration under M.P. Government Trust Act on 05.02.2008. The trust has been grated registration u/s 12AA of the Act by CIT(Exemption), Bhopal and Pr.CIT has granted registration u/s 11 & 12 w.e.f. AY 2020-21. Hence, no benefit u/s 11 can be granted in this year i.e. AY 2016- 17. 6. Aggrieved against the assessment order, the assessee filed appeal before Ld.CIT(A) who after considering the submissions of the assessee, dismissed the appeal of th....