2025 (3) TMI 2267

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....dra Shrivastava - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2021-22 arises out of an order of learned Addl. / Joint Commissioner of Income Tax (Appeals), Vadodara [CIT(A)] dated 05-02-2024 in the matter of an intimation issued by CPC u/s 143(1) on 20-09-2022. Having heard rival submissions, the appeal is disposed-off....

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....22 and therefore, CPC was correct in denying the impugned deduction to the assessee. The same has led to present appeal before us. 3. The Ld. AR stated that the assessee was an existing trust enjoying impugned deduction. The assessee was required to obtain fresh registration u/s 12AB. In terms of sub-clause (i) of clause (ac) of subsection (1) of Sec.12A, the assessee was required to obtain fre....

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....everal years. Under new registration regime, the assessee was required to obtain fresh registration within the prescribed time limit. The date for preferring such an application was extended from time to time and it was finally extended to 25-11-2022. The assessee has filed such application on 24-03-2022 which is well within the prescribed time limit as per CBDT circulars. Denying deduction for th....