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Showing contexts for: revised return when valid in Income-Tax Officer vs Manav Hitkari Trust. on 31 October, 1986Matching Fragments
3. The AAC reversed the ITOs order and allowed the appeal directing benefits under section 11 and his short order reads as follows :
"The ITO held in his order that there was violation of section 12A (b) of the Income-tax Act. At the time of hearing it was contended that the appellant had filed audited balance sheet and I & E account. His action on this point was not justified in view of the ruling in the case of CIT v. Shri Baldeoji Maharaj Trust [1983] 142 ITR 584 (All.), dated May 13, 1982, the ITO is directed to treat the revised return as valid for the purposes of assessment. In view of the ruling in the case of Harmanjit Trust v. CIT [1984] 148 ITR 214 (Punj. & Har.) he is directed to allow the appellant the benefit of section 11 of the Income-tax Act, as Form No. 10B was filed before the completion of the date of the assessed.