SHREE SPANAN FOUNDATION,MUMBAI vs. INCOME TAX OFFICER-CPC BANGALURU, MUMBAI

In the result, appeal filed by the assessee is allowed for\nstatistical purposes in above terms

delay in furnishing ITR as well in\naccordance with the provisions of Section 139(4A). Clearly,\nSection 12A (1)(ba) clearly specifies that the person in receipt of\nincome is required to furnish the ITR u/s 139(4A) within the time\nallowed under that Section. Thus, the appeal application suffers\nfrom twin defaults on the counts of furnishing

NEW BOMBAY MERCHANTS EDUCATIONAL FOUNDATION,NAVI MUMBAI vs. ACIT, CPC BANGALORE, CPC BANGALORE

In the result, the appeal of the assessee bearing ITA No

Bench: Shriamarjit Singh & Shri Anikesh Banerjee

delay in Form 10B which is obtained on 30/09/2016 under sub sections (2)of the section 33 and 34 of Bombay Public Trust, 1950. On the basis of this audit report the expenses are duly claimed by the assessee trust. During processing of return under section 143(1), the Ld.AO disallowed the exemption under section