2026 (4) TMI 736

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....n itself with the consent of the learned counsel for the Petitioner and the learned Senior Standing Counsel for the Respondent. 3. In this Writ Petition, the Petitioner has challenged the impugned Order dated 04.06.2025 passed under Section 119(2)(b) of the Income Tax Act, 1961 for the Assessment Year 2020-2021 by the respondent. By the impugned order, the application dated 17.04.2025 for condonation of delay in filing Form 10B for the Assessment Year 2020-2021 under Sec.44AB of the Income Tax Act, 1961 was rejected by the respondent. 4. It is noticed that the application for condonation of delay in filing Form 10B was filed by the petitioner long after the issuance of intimation to the petitioner under Section 143(1) of Income Tax Ac....

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.... acceptance/rejection of such applications/claims if the amount of such claims exceeds Rs. 1 crore, but is not more than Rs. 3 crore for any one assessment year. (iii) The Principal Chief Commissioners of Income Tax (Pr.CCSIT) shall be vested with the powers of acceptance/rejection of such applications/claims if the amount of such claims exceeds Rs. 3 crores for any one assessment year..." The impugned order also relies on the above Circular No. 11/2024, dated 01.10.2024, which is binding on the respondent. 6. The petitioner society being the Alumni Association of Sri Ramachandra Institute of Higher Education and Research was established for charitable purposes and was registered under Sec.12AA of the Income Tax Act, 1961 on ....