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Income Tax Appellate Tribunal, ‘D’ BENCH: CHENNAI
Before: SHRI SS VISWANETHRA RAVI & SHRI JAGADISH
PER JAGADISH, A.M : Aforesaid appeal filed by the assessee is directed against the order of Learned Commissioner of Income Tax (Exemption), Chennai [hereinafter “CIT(E)”] dated 05.03.2024 rejecting the application filled in Form 10AB u/s. 12A(1)(ac)(iii) of the Income Tax Act, 1961 (hereinafter “the Act”) seeking registration u/s. 12AB of the Act.
The Ld. CIT(E) has rejected the application in Form 10B as the assessee failed to furnish the relevant documents/details called for by ITA No.850/Chny/2024 :- 2 -:
the Ld. CIT(E) within the date specified. The limitation of time for disposal of application was expiring by 31.10.2023.
The assessee has filed appeal against the rejection of application, seeking one more opportunity to file the papers before Ld. CIT(E).
The Central Board of Direct Taxes vide Circular No.7/24 dated 25.04.2024 has now extended the time for making application in Form 10AB under sub-section (iii) of clause (ac) of sub-section (1) of Section 12A till 30.06.2024. In view of this, the assessee is granted liberty to file fresh application in Form 10AB.
In the result, appeal filed by the assessee is dismissed.
Order pronounced on 05th June, 2024.