RAMANUJA PEETHAM, VISAKHAPATNAM V. INCOME TAX OFFICER (EXEMPTION WARD), VISAKHAPATNAM

ITA 198/VIZ/2023

AI Insights

The case involves Sri Ramanuja Peetham, a Trust registered under section 12A of the Income Tax Act, 1961, which filed an appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. Initially, the Trust's claim for exemption under section 11 was disallowed due to the late submission of the required Audit Report in Form 10B. After the delay was condoned and the exemption granted by the Income Tax Officer (Exemptions Ward), the Trust sought to withdraw its appeal, which was unopposed by the Departmental Representative and subsequently allowed by the Tribunal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 135969 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 3 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-10-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Next Hearing Date: 26-09-2023
• Assessment Year: 2016-2017
• Appeal Filed On: 09-07-2023
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 154; 11; 10B; 143(1)

Judgement Text

आयकरअपीलीयअधिकरण, धिशाखापटणम “एसएमसी”पीठ, धिशाखापटणम IN THE INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM “SMC” BENCH, VISAKHAPATNAM श्री द ु व्वूरु आर एल रेड्डी, न्याधयक सदस्य के समक्ष BEFORE SHRI DUVVURU RL REDDY, HON’BLE JUDICIAL MEMBER आयकर अपील सं./I.T.A.No.198/Viz/2023 (ननधधारण वर्ा / Assessment Year :2016-17) Sri Ramanuja Peetham D.No.1-104-15, Plot No.40, Sector-5 TTD Kalyanamandapam Road MVP Colony, Visakhapatnam [PAN : AAFTS4193P] Vs. Income Tax Officer (Exemption Ward) Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant by : Smt.A.Aruna, AR प्रत्यधथी की ओर से / Respondent by : Shri Madhukar Aves, DR सुनवधई की तधरीख / Date of Hearing : 27.09.2023 घोर्णध की तधरीख/Date of Pronouncement : 18 .10.2023 आदेश /O R D E R Per Shri Duvvuru RL Reddy, Judicial Member : This appeal is filed by the assessee against the order of Commissioner of Income Tax (Appeal) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi in DIN & Order No.ITBA/NFAC/S/250/2023- 24/1052984661(1) dated 19.05.2023 for the Assessment Year (A.Y.)2016-17. 2. Brief facts of the case are that the assessee is a Trust, registered u/s 12A of the Income Tax Act, 1961 (in short ‘Act’) had filed return of income for the A.Y.2016-17 on 09.09.2016, declaring Nil income after 2 I.T.A. No.198/Viz/2023,A.Y.2016-17 Sri Ramanuja Peetham, Visakhapatnam claiming exemption of Rs.26,04,167/- u/s 11 of the Act. The return was processed u/s 143(1) of the Act vide intimation dated 17.05.2017, wherein, exemption was disallowed for the reason that the assessee has not filed Audit Report in Form 10B along with the return. Later on the assessee filed audit report in Form 10B on 13.10.2017, but since the audit report was filed after filing the return of income, CPC disallowed the exemption of Rs.26,04,167/- claimed while processing the return u/s 143(1) since the assessee was not found eligible for exemption u/s 11. 3. The assessee filed an application for condonation of delay before DIT(Exemption), Hyderabad and preferred an appeal before CIT(A). Since the assessee has already filed an application for condonation of delay before the DIT(Exemptions), Hyderabad and since the delay is under consideration, the Ld.CIT(A) allowed the assessee’s appeal for statistical purpose, directing the AO to give appeal effect on the basis of the outcome of order of CIT(E), Hyderabad. 4. On being aggrieved, the assessee preferred an appeal before the Tribunal and subsequent to filing of the appeal, the Ld.CIT(Exemptions) vide order dated 22.08.2023 condoned the delay in filing the Form No.10B. Consequently, the Income Tax Officer (Exemptions Ward), 3 I.T.A. No.198/Viz/2023,A.Y.2016-17 Sri Ramanuja Peetham, Visakhapatnam Visakhapatnam passed an order u/s 154 r.w.s. 143(1) of the Income Tax Act, 1961 on 21.09.2023 by allowing the exemption claimed u/s 11 of the Act. Therefore, the assessee filed a petition before the Tribunal, submitting that since the delay in filing Form No.10B was condoned and exemption u/s 11 was granted, the grievance of the assessee stood redressed and the appeal becomes infructuous. The assessee prayed for withdrawal of the appeal for which the Ld.DR has not raised any objection. 5. I have heard both the parties and perused the material available on record. I find that the delay in filing the Form No.10B was condoned by the Ld.CIT(Exemptions), the exemption claimed u/s 11 was granted and rectification order dated 21.09.2023 to that effect was passed by the Exemption Ward, Visakhapatnam. Now, since the grievance of the assessee is redressed, the assessee pleaded for withdrawal of the appeal. Therefore, I have no hesitation to permit the assessee for withdrawal of the appeal. 6. In the result, appeal of the assessee is dismissed as withdrawn. 4 I.T.A. No.198/Viz/2023,A.Y.2016-17 Sri Ramanuja Peetham, Visakhapatnam Order pronounced in the open court on 18 th October, 2023. Sd/- (द ु व्वूरु आर.एल रेड्डी) (DUVVURU RL REDDY) न्याधयक सदस्य/JUDICIAL MEMBER Dated : 18.10.2023 L.Rama, SPS आदेश की प्रतितिति अग्रेतिि/Copy of the order forwarded to:- 1. ननधधाऩरती/ The Assessee – Sri Ramanuja Peetham, D.No.1-104-15, Plot No.40, Sector-5, TTD Kalyanamandapam Road, MVP Colony, Visakhapatnam 2. रधजस्व/The Revenue –The Income Tax Officer (Exemption Ward), Income Tax Office, Infinity Tower, Shankaramatham Road, Santhipuram, Visakhapatnam 3. The Commissioner of Income Tax (Exemption), Hyderabad 4. नवभधगीय प्रनतनननध, आयकर अपीलीय अनधकरण, नवशधखधपटणम / DR,ITAT, Visakhapatnam 5..गधर्ा फ़धईल / Guard file आदेशधनुसधर / BY ORDER Sr. Private Secretary ITAT, Visakhapatnam