2026 (8) TMI 825

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....argieya For the Respondent : Ms. Shivani Bansal, CIT-DR (Physically) ORDER PER: SHRI SAKTIJIT DEY, V.P.: This appeal by the assessee arises out of order dated 12.12.2024 passed by Additional Commissioner of Income Tax (Appeal) for the assessment year 2022-23. 2. The dispute in the present appeal, basically relates to disallowance of assessee's claim of exemption u/s. 11 of the Incom....

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....donation of delay lies with CIT(E). 4. We have considered rival submissions and perused the materials on record. Admittedly, along with the return of income filed on 21.12.2022 the assessee had furnished the audit report in Form 10B. Whereas, the return of income was processed by CPC much after on 28.07.2023. Thus, it is a fact on record that much prior to the processing of return of income, th....

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....d multiplicity we refrain from referring to them. Therefore, respectfully, following the ratio laid down in aforesaid judicial precedents, we direct the Assessing Officer to allow assessee's claim of exemption u/s. 11 of the Act, subject to, fulfillment of other conditions of the said provision. Even otherwise also, it has been noted by us that after denial of assessee's claim of exemption u/s. 11....