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TMI Blog2020 (6) TMI 245X X X X Extracts X X X X X X X X Extracts X X X X ..... nder Section 12AA of the Income Tax Act, to seek to recall of the denied exemption in Form 10B and to seek condonation of delay which as noticed above has already been filed in January 2020 vide Ext.P1, but there is no adjudication so far and during its pendency, the impugned Demand Notice of March 2020, Ext.P4 has been issued. Without expressing anything on the merit of the matter, particularl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amus, directing the 1st respondent to dispose of Ext.P3, at the earliest and until such time, the demand in terms of Ext.P4 may be ordered to be kept in abeyance. As per the facts which emanate from the pleadings, petitioner Society has been issued a certificate under Section 12AA of the Income Tax Act, 1961 for the assessment year 2017-18, to be filed the Return of income. The Income Tax Return w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mption under Section 11. Mr.Sajan Varghese K, the learned counsel appearing on behalf of the petitioner submits that there were certain disputes among the members and on account of that, the Return could not be filed and there was a delay. Under the provisions of Section 119 2(B) of the Income Tax and the Circular F.No. 197/55/2018 ITA-1 dated 22/05/2019 the guidelines of the Board, the delay in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Heard the learned counsel for parties and perused the paper book. The facts narrated above are not in dispute. Once the circular provides the opportunity to assessees having issued a Registration under Section 12AA of the Income Tax Act, to seek to recall of the denied exemption in Form 10B and to seek condonation of delay which as noticed above has already been filed in January 2020 vide ..... X X X X Extracts X X X X X X X X Extracts X X X X
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