NATIONAL FEDERATION OF URBAN COOPERATIVE BANKS & CREDIT SOCIETIES LTD,DELHI vs. CIT(EXEMPTION) , NEW DELHI

PER ANUBHAV SHARMA, JM:

This appeal has been preferred by the Assessee against the order dated 27.10.2022 of ld. Commissioner of Income Tax
(Exemption) Delhi, [hereinafter referred to as ‘CIT(E)’] in Appeal No.

ITA No.-2985/Del/2022
National Federation of Urban Cooperative Banks & Credit Societies Ltd.
2

CIT
(Exemption),
Delhi/2022-23/12AA/11075pertaining to Assessment Year 2022-23. 1.1 The assessee has raised the following grounds:
“That the order dated 27.10.2022 passed by CIT(Exemption)
New Delhi in Form no 10 AD rejecting the Registration or approval u/s 12AB(1)(b)(ii)(B) of the Income Tax, 1961 is bad in low, incorrectly made & against the fact of the case.
2) That the learned CIT(Exemption) has greatly erred in law and on facts of the case in a) Rejecting the application filed electronically by the Appellant on 1.04.2022 in Form No 10 AB seeking Registration u/s 12A(1)(ac) (iii)of the Income Tax Act, 1961. b) Not appreciating the written submissions filed by the Assesse from time to time before the CIT (Exemption)explaining their case and the activities carried out by them and twisting the facts in the order to reject the said application made in Form no 10 AD.
c) Diverting the issue relating to Multi State Coop Society and its Disposal of Surplus Assets and not sticking to the activities being undertaken by the Appellant, for charitable purposes.
d) Wrongly mentioning details about Charity and Mutual
Benefit Society and confusing the main issue of the activities being carried out by the Appellant when they actually deserved the Registration u/s 12 which has been wrongly and incorrectly disallowed to them.
3) That the order passed by the CIT (Exemption) is incorrect, wrong and passed in utter disregard of all facts and law.
4) That the appellant seeks permission to put forth detailed arguments and submissions before theHon'ble ITAT during the course of hearing and further to add/amend any ground of appeal.”

ITA No.-2985/Del/2022
National Federation of Urban Cooperative Banks & Credit Societies Ltd.
3