2023 (10) TMI 1059

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..... since the audit report was filed after filing the return of income, CPC disallowed the exemption claimed while processing the return u/s 143(1) - assessee as filed an application for condonation of delay before the DIT(Exemptions), Hyderabad and since the delay is under consideration, the Ld. CIT(A) allowed the assessee s appeal for statistical purpose - HELD THAT:- As delay in filing the Form No. .....

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..... 3 for the Assessment Year (A.Y.) 2016-17. 2. Brief facts of the case are that the assessee is a Trust, registered u/s 12A of the Income Tax Act, 1961 (in short Act ) had filed return of income for the A.Y.2016-17 on 09.09.2016, declaring Nil income after claiming exemption of Rs. 26,04,167/- u/s 11 of the Act. The return was processed u/s 143(1) of the Act vide intimation dated 17.05.2017, whe .....

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..... the AO to give appeal effect on the basis of the outcome of order of CIT(E), Hyderabad. 4. On being aggrieved, the assessee preferred an appeal before the Tribunal and subsequent to filing of the appeal, the Ld. CIT (Exemptions) vide order dated 22.08.2023 condoned the delay in filing the Form No. 10B. Consequently, the Income Tax Officer (Exemptions Ward), Visakhapatnam passed an order u/s 15 .....

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