2025 (7) TMI 2022

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....RJEE, JUDICIAL MEMBER For the Assessee : Ms. Vasanti Patel - Advocate & Mr. A Gohel - CA For the Respondent : Shri Leyaqat Ali Aafaqui (SR. AR.) ORDER Per Anikesh Banerjee (JM): Instant appeal of the assessee was filed against the order of the Learned Commissioner of Income-tax (Appeals) /ADDL /JCIT(A)-2, Delhi [in short, 'Ld. CIT(A)] passed under section 250 of the Income-tax Act, ....

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....eved assessee filed appeal before the Ld. CIT(A). The Ld. CIT(A) rejected assessee's plea and upheld the order passed by the CPC. Being aggrieved, the assessee filed an appeal before us. 3. We heard the rival submissions and considered the documents available on the record. The Ld.AR in argument stated that the return was filed within the extended due date, but form 10B was filed with the retur....

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....St. Gregorious Education and Medical Trust vs DCIT Exemption / DCIT, CPC- Bengaluru in ITA No.1432/Mum/2025, date of pronouncement 10/06/2025. The relevant paragraph 6 is extracted below:- "6. We have heard the rival submissions and perused the material available on record. It is observed that the assessee filed Form 10B with a delay of 31 days, although the ROI was filed within the exten....

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.... days and to accept Form 10B after carrying out necessary verification in accordance with law. The assessee shall be entitled to the benefit under section 11 of the Act upon due satisfaction of the conditions prescribed for claiming such exemption. Accordingly, the ground raised by the assessee is allowed." 4. The Ld. DR argued and stands in favour of the orders of revenue authorities.....