2026 (1) TMI 674

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Lal, Senior AR ORDER This appeal filed by the assessee-trust is directed against the order of the Addl./Joint Commissioner of Income-tax (Appeals)-9 dated 27.12.2024 passed u/s.143(1) of the Income-tax Act, 1961 ("the Act") for the assessment year 2017-2018. 2. Briefly the facts of the case are that the appellant is a charitable trust, duly registered under the Trust Act. It is formed wit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ort in Form 10B was filed only in the year 2023, the CPC was justified in making the adjustment to the income claimed exemption u/s.11 of the Act. 4. Being aggrieved, the appellant is in appeal before this Tribunal in the present appeal. It is submitted that the audit report in Form 10B could not be submitted within the prescribed due date for filing the return of income u/s.139(1) of the Act, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d 21.03.2023), etc. 5. On the other hand, the learned Senior DR submits that filing of audit report in Form 10B is mandatory as per Rule 12(2) of the Incometax Rules, 1962 from assessment year 2016-2017. 6. I heard rival submissions and perused the material available on record. The only issue that arises for my consideration is whether the CPC was justified in making adjustment of income cla....