Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Satbeer Singh Godara & Shri Amarjit Singh
IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Satbeer Singh Godara, Judicial Member and Shri Amarjit Singh, Accountant Member
ITA No. 448/Coch/2023 & SA No. 84/Coch/2023 (Assessment Year: 2017-18)
Matha Educational Institutions The Income Tax Officer Gandhi Nagar (Exemption) vs. Ernakulam 682017 Kochi [PAN: AACTM9460C] (Appellant) (Respondent)
Appellant by: Shri Jameskutty Antony, CA Respondent by: Smt. V. Swarnalatha, Sr. D.R.
Date of Hearing: 22.08.2024 Date of Pronouncement: 23.10.2024
O R D E R Per Bench This assessee’s appeal ITA.No.448/Coch/2023 along with stay application SA.No.84/Coch./2023. for A.Y. 2017-18, arise against the National Faceless Appeal Centre, Delhi [CIT(A)]’s DIN & Order No. ITBA/NFAC/S/250/2022- 23/1050815030(1) dated 15.03.2023 in proceedings u/s. 250 of the Income Tax Act, 1961 (the Act).
Heard both the parties. Case files perused.
It emerges at the outset that the assessee’s sole substantive ground raised in the instant appeal challenges correctness of both the lower authorities’ action disallowing its section 11 exemption claim in section 143(1)(a)(v) processing since not
2 ITA No. 448 & SA.No.84/Coch/2023 Matha Educational Institutions accompanied by the corresponding tax audit report as prescribed under rule 10B of the Income Tax Rules. There is hardly any dispute between the parties that post facto the CPC’s processing herein dated 26.09.2017, the assessee sought 154 rectification which was filed along with its tax audit report. And that both the lower authorities have not taken into consideration the said tax audit report thereby rejecting the impugned rectification.
We note in this factual backdrop that the question as to whether filing of such a tax audit report is mandatory or directory provision is no more res integra in light of M/s. Social Security Scheme of GICEA vs. CIT(E) [2023] 147 taxmann.com 283 (Guj.) decided the issue in favour of the assessee and against the department thereby concluding that such a compliance could be made even in appellate proceedings as well. We thus accept the assessee’s instant appeal for statistical purposes and direct the learned CIT(A) to examine the assessee’s case on merits after considering its Form 10B tax audit report as per law with three effective opportunities at the risk and responsibility of the taxpayer to plead and prove all the facts in consequential proceedings. Ordered accordingly.
This assessee’s appeal ITA.No.448/Coch./2023 is allowed for statistical purposes and it’s stay application SA.No.84/Coch./2023 is dismissed as rendered infructuous. A copy of this common order be placed in the respective case files.
Order pronounced in the open court on 23rd October, under Rule 34 of The Income Tax (Appellate Tribunal) Rules, 1963. Sd/- Sd/- (Amarjit Singh) (Satbeer Singh Godara) Accountant Member Judicial Member Cochin, Dated: 23rd October, 2024 n.p.
3 ITA No. 448 & SA.No.84/Coch/2023 Matha Educational Institutions
Copy to:
The Appellant 2. The Respondent 3. The Pr. CIT concerned 4. The Sr. DR, ITAT, Cochin 5. Guard File By Order
Assistant Registrar ITAT, Cochin