2025 (4) TMI 1842

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...., Adv For the Revenue : Shri Amar Pal Singh, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.18/DDN/2024 for AY 2021-22, arises out of the order of the Commissioner of Income Tax (Appeals)-1, Vadodara [hereinafter referred to as 'ld. CIT(A)', in short] in Appeal No. ITBA/APL/S/250/2023-24/1060013714(1) dated 23.01.2024 against the order of assessment passed u/s 143(3) of....

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....e Act. The assessee trust had filed its return of income for the Assessment Year 2021-22 on 21-12-2021 declaring total income at Rs. Nil after claiming exemption under Section 11 of the Act. The said return of income was processed under Section 143(1) of the Act by the Learned CPC on 14-09-2022 determining total income at Rs. 13,02,674/-. While processing the said return, the exemption claimed und....

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....under the new amended provisions of the Act is applicable only from assessment year 22-23 onwards. The year under consideration is assessment year 21-22. The amendment brought by Taxation and Other Laws Amendment Act 2020 is applicable only from assessment year 22-23. Accordingly, the assessee trust not applying for fresh registration during the year under consideration would not become fatal to t....