2025 (7) TMI 657

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....PER SHRI NARENDRA PRASAD SINHA, AM: This appeal is filed by the assessee against the order dated 11.12.2024 passed by the Commissioner of Income Tax (Exemption) Ahmedabad, (in short 'the CIT(Exemption)'), rejecting the application for registration under Section 12A(1)(ac)(v) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act'). 2. The brief facts of the case are that the assessee i....

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.... in Form 10AB u/s. 12A(1)(ac)(v)of the Act was rejected by the Ld. CIT(E) vide the impugned order. 3. Aggrieved with the order of the Ld. CIT(E), the assessee is in appeal before us. The following grounds of appeal have been taken in this appeal: 1. That on facts, and in law, the learned CIT(Exemption) has grievously erred in rejecting the application for registration u/s 12A(1)(ac)(v) of the A....

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....fore, requested that the matter may be set aside to the file of the Ld. CIT(E) with a direction to condone the delay and, thereafter, consider the application of the assessee. 5. Per contra, Shri R. P. Rastogi, the Ld. CIT. DR had no objection if the matter was set aside to the file of Ld. CIT(E), in view of the amended provisions of the Act. 6. We have considered the rival submissions. The Ld. ....

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.... considers that there is a reasonable cause for delay in filing the application, condone such delay and such application shall be deemed to have been filed within time; In the present case the order was passed by the ld. CIT(E) after the above proviso was brought on statute. As per this newly inserted proviso, the CIT(E) had now power to condone the delay in filing of application for registration....