M/S Wholesale Cloth Merchant, Kota vs Pr. Commissioner Of Income Tax ... on 6 January, 2021
3.1 Further it is submitted that ld. Pr. CIT has cancelled the
registration on the ground that the assessee has not filed its ROI and
Audit report. The reason of not filing of the same are that as the assessee
is trust and was depended on the accountant and the president and the
other members were under impression that the act of return filling, Audit
report and books are being care take by them. As there was on default
since its registration from 1976 to 2013. And the fraud done by the
president and books not completed by the accountant was not in the
knowledge of the assessee. However when these facts have come to the
notice of the assessee it filed its ROI income and Audit report. Hence for
14 ITA 688/JP/2019_
M/s Wholesale Cloth Merchant Association Vs Pr.CIT
the negligence of the President and accountant the whole institute must
not be punished.