Tamil Nadu Text Book Corporation, CHENNAI V. DIT, CHENNAI

ITA 2493/CHNY/2007

• Counselvise Citation: 249321714 RSA 2007
• Duration Of Justice: 4 year(s) 3 month(s) 12 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-03-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 15-03-2012
• Assessment Year: misc
• Appeal Filed On: 03-12-2007
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Condonation of delay
• Section: 12AA

Judgement Text

ITA NO.2493/M DS/2007 3 FOR REGISTRATION WAS MADE AFTER DELAY, AN APPLICATI ON STATING REASONS FOR DELAY WAS ALSO FILED. THE APPLICATION FOR DELAY WAS REJECTED BY THE DIRECTOR OF INCOME TAX(EXEMPTIO NS). THE ASSESSEE MADE REPRESENTATIONS DATED 18.08.2006 AN D 25.05.2007 FOR CONDONATION OF DELAY WHICH WERE NOT ACCEPTED BY THE DIT(EXEMPTIONS). 3. THE REASONS FOR THE DELAY HAVE BEEN EXPLAINED IN AN AFFIDAVIT ACCOMPANYING APPLICATION FOR CONDONATION OF DELAY. BEING SATISFIED ABOUT THE EXISTENCE OF REASONABLE C AUSE AND IN THE INTEREST OF JUSTICE, WE CONDONE THE DELAY OF 540 DAYS IN FILING THE APPEAL AND DISPOSE OF THE APPEAL ON MER ITS. 4. THE ASSESSEE IS A CORPORATION REGISTERED UNDER SOCIETIES REGISTRAATION ACT, 1860 IN THE YEAR 197 0. THE ASSESSEE IS WHOLLY FINANCED AND CONTROLLED BY GOV ERNMENT OF TAMIL NADU. THE MAIN OBJECTIVE OF THE ASSESSEE I S TO SUPPLY FREE BOOKS TO SCHOOL CHILDREN AND GRANT OF FUNDS FOR BUILDING LABORATORIES, SCHOOL BUILDING AND AMENITIE S FOR EDUCATION INSTITUTIONS. THE ASSESSEE MADE AN APPLIC ATION UNDER SECTION 12AA OF THE ACT ON 19.07.2005 CLAIMIN G