SHASHI KRISHNA EDUCATIONAL AVAM WELFARE SOCIETY,PATNA vs. AO, PATNA

In the result, the appeal filed by the assessee is partly allowed for\nstatistical purposes

condoning the delay in\nfiling the Form 10B of the Act. The learned Tribunal after going through the\nfacts of the case took note of the latter circular issued by the Board in\nCircular No. 16 of 2022 dated 19-07-2022 issued under Section 119

ASSISTANT COMMISSIONER OF INCOME TAX EXEMPTION CIRCLE PATNA, PATNA vs. CHANAKYA NATIONAL LAW UNIVERSITY, NAYAY NAGAR

In the result, this appeal is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Vice- & Shri Sanjay Awasthii.T.A. No.342/Pat/2024 Assessment Year: 2016-17 Acit(Exemption), Patna..........................................................……….……Appellant Vs. Chanakya National Law University, Nayay Nagar.............……...…..…..Respondent Mithapur, Patna, Bihar – 800001. [Pan: Aaajc0528M] Appearances By: Shri Ashwani Kumar, Sr. Dr, Appeared On Behalf Of The Appellant. Shri A. K. Rastogi, Ar, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 18, 2024 Date Of Pronouncing The Order : November 21, 2024 Order Per Sanjay Awasthi: 1. The Present Appeal Has Been Filed By The Revenue Against The Order Dated 07.02.2024 Of The National Faceless Appeal Centre [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 1.1 In This Case, There Were Primarily Two Issues Which Were Before The Assessing Officer, Namely, The Issue Of Delayed Filing Of Form 10 Which Was Required U/S 11(2) R.W.S. 13(9) Of The Act & Secondly, The Issue Of An Amount Of Rs.3,58,00,000/- Which Was Added As Technically Being A Receipt Which Had Not Been Offered For Tax By The Assessee. Needless To Say, The Amount Of Rs.3,58,00,000/- Was Added & The Benefit Of Carry Forward Of Surplus Income Was Denied Since The Form 10 Was Not Filed In Time. 2. This Matter Was Carried In Appeal Before The Ld. Cit(A) & There The Issue Of Rs.3,58,00,000/- Was Allowed As Relief On The Ground That The Impugned Amount Was Apparently Debited Internally & Shown As

condonation of delay in furnishing the Form No.10 as required under section 11(2) r/w section 13(9) and the consequential eligibility to carry forward the amount accumulated or set apart for 3 I.T.A. No.342/Pat/2024 Assessment Year: 2016-17 Chanakya National Law University charitable purposes in India. Having regard to powers of Central Board of Direct Taxes under section, 119

CHINMASTIKA SIDHARTHA(JV),PATNA vs. CIT(A), PATNA

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz)

delay is condoned. 4. Brief facts of the case are that the assessee derives income from contract work. The appellant-assessee is a joint venture of Chinamastika Construction and Developers Pvt. Limited (mentioned as 1st party) and Siddharth Construction & Trading Pvt. Ltd. (mentioned as 2nd party) The assessee filed its return of income on 19.01.2016 showing total income

JAN SIKSHAN SANSTHAN,BEGUSARAI vs. ITO (EXEMPTION), BHAGALPUR

In the result, the appeal of the assessee is allowed for statistical\npurposes

section 119(2)(b) which enables an\nassessee to approach the Board for seeking relief in such cases. The provisions of\nsection 119(2)(b) are reproduced below:\nSection 119:\n\"Instructions to subordinate authorities\n1. The Board may from time to time.\n2. Without prejudice to the generality of the foregoing power,-\n(b) the Board