1976 (6) TMI 35

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....e assessee firm on the ground of delay in the submission of Form No. 12 for continuation of registration under s. of the IT Act, 1961, 2. The Assessee is a firm and the relevant asst. yrs. is 1972-73. Return of total income for the said assessment year was due to submission on or before 30th June, 72 in accordance with the provisions of s. 139 (1) of the Act. But the declaration under s. 184 (7....

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....iately succeeding years. He further submits that there was sufficient cause for the delay and on similar circumstances the Tribunal allowed continuation of registration in the case of Ashoka stores, ITA. No. 937 (Cal) of 1975-76, asst. yr. 1973-74 reported in 1977 TTJ 16. On the other hand the departmental Representatives supports the authorities below It is submitted that the IT Act is specific o....

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....dicates that the assessees submission was accepted. But in the submission they did not find sufficient cause which prevented the assessee from furnishing declaration with the statutory time. On going through the Tribunal s orders dt. 29th June, 1976, I find that the Tribunal considered it to be a technical default and allowed continuation of registration to the said assessee by observing as under:....