Armed Forces Flag Day Fund vs. ITO (Exemptions)

Parties Involved

Facts Summary

The appeal by the assessee for the Assessment Year 2017-18 arises from an order by the Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 14.10.2024. The assessee's claim for exemption under section 10(23C)(iv) was denied by the Assessing Officer (AO) on the ground that the registration was granted on 30.07.2019. The Ld. CIT(A) upheld the action of the AO, leading to the assessee's appeal. The Ld. AR presented a rectification order under section 154 passed by the AO on 13.02.2026, which noted that the delay in filing Form 56 under section 10(23C)(iv) had been condoned by the CBDT on 24.07.2025. Consequently, the required approval was granted by the CIT (Exemption), and the impugned demand was remitted. The appeal was dismissed as infructuous.…

Legal Issues

• 1. Denial of exemption under section 10(23C)(iv) due to late registration

Judgment Outcome

Decided in favour of Assessee.

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