MOONAK WELFARE SOCIETY,SANGRUR vs. ITO, WARD, SUNAM
In the result, we direct the AO to allow the exemption u/s 11 to the assessee society
ITA 465/CHANDI/2023[2022-23]Status: DisposedITAT Chandigarh13 Jun 2024AY 2022-23
Bench: The Ld. Cit(A). 3.1 It Was Submitted During The Appellate Proceedings That The Cpc, Bangalore While Processing The Return Of Income Has Disallowed The Exemption On The Ground That Tax Audit Report In Form 10B Should Have Been Filed One Month Prior To The Filing
For Appellant: Shri Jaspal Sharma, AdvocateFor Respondent: Shri Ved Parkash Kalia, JCIT, Sr. DR
Section 11Section 12ASection 12A(1)(b)Section 139Section 139(1)Section 143(1)
ba) of Section 12A as well as Section 139(4A) of the Act and it was held that where the assessee society has not filed return of income within the due date of filing of the
return of income under section 139(1), the claim of exemption under section 11 will not allowed even though the assessee society is registered
