2026 (1) TMI 31

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.... Sanat Kumar Raha, CIT(DR). ORDER PER RAKESH MISHRA, ACCOUNTANT MEMBER: This appeal filed by the assessee is against the order of the Commissioner of Income Tax (Appeals)-NFAC, Delhi [hereinafter referred to as Ld. 'CIT(A)'] passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for AY 2021-22 dated 11.03.2025, which has been passed against the rectifica....

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....lding the denial of exemption claimed by the appellant under section 11 of Rs. 9,15,54,820/-. 5. That the appellant craves to leave, add, amend 5 or adduce any of the grounds of appeal during the course of appellate proceedings." 3. Brief facts of the case are that the assessee is a charitable Trust registered u/s 12AB of the Act and had filed the return of income by claiming exemption....

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....CIT(A) dismissed the appeal of the assessee. 4. Aggrieved with the order of the Ld. CIT(A), the assessee has filed the appeal before the Tribunal. 5. Rival contentions were heard and the submissions made have been examined. The Ld. AR drew our attention to page 46 of the paper book and it was submitted that the due date of filing the return was extended and the return was filed on 13.03.2022....

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....ce with 9,15,54,820 0 9,15,54,820 2 Part B-TI In Schedule Part-BTI, Exemption claimed in sr no 4iv? Amount deemed to have been applied during the previous year as per clause (2) of Explanation to section 11(1)? is not equal to the amount entered in Form-9A. Hence the exemption claimed in Sr.no. 4iv for deemed application 2,57,39,914 0 2,57,39,914 6. We have heard the ....