2025 (10) TMI 1418

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....wapnil Chaudhary, Sr. DR Order under section 254(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by assessee is directed against the orders of ld. CIT(A) dated 21.03.2025 for AY 2024-25. Though, the assessee has raised multiple ground of appeal, however, in our considered view, the substantial ground of appeal relates to denial of relief on application of income unde....

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....e filed it report in Form 10B on 14.11.2024, thus, there was delay of 39 days, though it was filed before filing return of income on the same date. The assessing officer / Central Processing Centre (CPC) while processing the return of income not allowed application of income under section 11. The ld. AR of the assessee submits that there are series of decision by Tribunal and High Courts wherein i....

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.... the learned Senior Departmental Representative (Sr. DR) for the revenue supported the order of lower authorities. The assessee has crossed the time limit for filing Form-10B. 5. We have considered the rival submissions of both the parties and have gone through the orders of lower authorities carefully. We have also deliberated on laws relied by the ld. AR of the assessee. We find that there is....