2026 (5) TMI 845

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....Shri Abhijit, SR. DR ORDER PER NARENDRA PRASAD SINHA, ACCOUNTANT MEMBER: This appeal is filed by the Revenue against the order dated 06.01.2026 passed by Addl/JCIT(Appeal), Thane [hereinafter referred to as 'Addl. CIT(A)'] for the Assessment Year (A.Y.) 2020-21 in the proceeding u/s. 154 of the Income Tax Act. 2. The brief facts of the case are that the assessee had filed its return of....

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....of the Act dated 06.11.2024. 3. Aggrieved with the order of the AO, the assessee had filed an appeal before the first appellate authority, which was decided by the Ld. Addl. CIT(A) vide the impugned order and the appeal of the assessee was allowed. Th 4. Now the Revenue is in appeal before us. The following ground have been taken in this appeal: 1. Whether on facts and in circumstan....

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....tted that for the current year the due date of filing of return was extended till 15.02.2021 whereas the assessee has filed its return on 04.02.2021. The Ld. AR fairly admitted that the due date for filing form No. 10B was one month prior to the due date of return, which was 15.01.2021 in the present case. However, the assessee had filed form No. 10B on 28.01.2021 before filing the return of incom....

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....the Act. As per the provision of section 11(2)(a) of the Act, the assessee was required to furnish the statement in form No. 10B within due date specified under sub-section (1) of section 139 of the Act. Further, the provision of section 13(9) of the Act stipulates that the deduction u/s. 11 of the Act can be denied only if the statement was not furnished on or before the due date of furnishing of....