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Before: Shri S.S. Viswanethra Ravi & Shri Jagadish
Sri Kannapiran Mills Trust Vs. The Commissioner of Foundation, Sri Kannapiran Mills Income Tax (Exemption), Premises, Sowripalayam, Aayakar Bhawan – Annexe Building, Coimbatore 641 028. No. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [PAN: AASTS8906K] (अपीलाथ�/Appellant) (��थ�/Respondent) अपीलाथ� की ओर से / Appellant by : Shri Girish Kumar, Advocate ��थ� की ओर से/Respondent by : Shri A. Sasikumar, CIT सुनवाई की तारीख/ Date of hearing : 22.05.2024 घोषणा की तारीख /Date of Pronouncement : 22.05.2024 आदेश /O R D E R PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER:
This appeal by the assessee is directed against the order dated 27.12.2023 passed by the ld. Commissioner of Income Tax (Exemption), Chennai rejecting Form No. 10AB(iii) to section 80G of the Income Tax Act, 1961 [“Act” in short].
We find that this appeal was filed with a delay of 32 days. Upon hearing both the parties, we condone the delay.
The Ld. CIT(E) rejected the application for registration on the ground that the application was filed beyond the prescribed due date and that the Commissioner of Income Tax has no power to condone the delay in filing the application in Form 10AB.
We have heard the arguments of both the sides and perused the relevant material available on record. It is noted that subsequent to the order of Ld. CIT(E), the Central Board of Direct Taxes has issued a Circular No.07/24 dated 25.04.2024 and has extended date for filing such applications up to 30.06.2024 for all such cases including the assessee. The relevant para of the circular is reproduced as under: “4.1 Further, in cases where any trust, institution or fund has already made an application in Form No. 10AB, and where the Principal Commissioner or Commissioner has passed an order rejecting such application, on or before the issuance of this Circular, solely on account of the fact that the application was furnished after the due date or that the application has been furnished under the wrong section code, it may furnish a fresh application in Form No. 10AB within the extended time provided in paragraph 3(ii) i.e. 30.06.2024.”
Considering the subsequent development and in the interests of justice, we are of the view that the assessee should be given an opportunity to approach the Ld. CIT(E) for re-consideration of its application for registration under section 80G of the Act in light of the CBDT Circular, supra. In view of the above, the appeal of the assessee is dismissed as infructuous.
In the result, the appeal of the assessee is dismissed as infructuous.
Order pronounced in the open Court on 22nd May, 2024 at Chennai.