Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (1) TMI 127 - HC - Income TaxDelay in filing the notice (in Form. No. 10) for accumulation of income by assessee-charitable trust, on account of delay of Chartered accountant to finalize the accounts – time limit prescribed u/s 139(4) for giving notice – petitioner had invoked clause of the CBDT Circular which stated that the failure to give notice to ITO u/s 11(2) and investment of the money in prescribed securities was due to “oversight” – therefore, it could not be said that there was no explanation given by petitioner – order of commissioner rejecting the application for condonation of delay, is quashed
|