2026 (8) TMI 374

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....emption), Hyd has rejected the application stating "It is observed from the submissions made by you in online application Form NO. 10A, wrong section code was selected i.e. "02-Sub Clause (i) of clause (ac) of sub-section (1) of section 12A" which is not an appropriate section code in your case as you were not holding registration u/s. 12A issued by the department on or before 31.03.2021. However, it is found that CPC has issued the Form 10AC 28.05.2021` by granting the registration 02-Sub Clause (i) of clause (ac) of sub-section (1) of section 12A Income Tax Act, 1961 for a period of 5 years commencing from AY 2022-23 to AY 2026-27 though you were not holding existing registration u/s. 12A issued by the department, and you should have appl....

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....e, issued a show cause notice dated 29.01.2024 and called upon the assessee to explain the discrepancy in application filed in Form 10AB. The assessee has not submitted any reply. Therefore, the Ld.CIT(E), Hyderabad rejected the application filed by the assessee in Form No. 10AB, seeking registration u/s. 12AB as infructuos vide order dated 25.02.2024. 4. Aggrieved by the order of the Ld.CIT(E), Hyderabad, the assessee has filed an appeal before ITAT, Hyderabad Benches on 11.03.2025. The Registry has issued a Defect Memo on the issue of delay in filing the appeal before the Tribunal, for which the assessee has filed a condonation petition along with an affidavit and explained that the earlier consultant did not inform about the order pas....