2026 (5) TMI 826

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... : Shri Abhijit, SR-DR ORDER PER NARENDRA PRASAD SINHA, ACCOUNTANT MEMBER: This appeal is filed by the assessee against the order of National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as 'CIT(A)'] dated 09.12.2025 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....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r and the appeal of the assessee was dismissed. 4. Now the assessee is in second appeal before us. The following grounds have been taken in this appeal: 1. Your honour sir, the only ground of disallowance of expenditure of Rs. 57,25,256/- plus 15% of Income Rs. 2,93,829/- so made may be allowed and the resultant demand be quashed in view of the fact that The return of income w....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... view for filing the Form 108 and its relevance. And also, to grant the petitioner the relief as your court may decide in the interest of justice and equity. 5. Shri Parin Shah, the Ld. AR of the assessee explained that the accounts of the assessee Trust were audited under the provision of section 12A of the Act, vide Form No. 10B dated 04.12.2020 which was filed along with the return of income....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....specified date which was one month prior to the due date of filing of the return. For the A.Y. 2020-21, the due date of filing of return was extended till 15.02.2021 and, therefore, the audit report was required to be filed by 15.01.2021. The assessee had, however, filed the audit report along with the Income Tax return on 10.02.2021. There is no dispute to the fact that he Income-Tax return as we....