demand u/s 143(1) raised by CPC for a charitable trust for AY 2021-22

Respected sir, A charitable trust regd u/s 12A failed to file audit report in form 10B before the due date for filing tax audit report. However it filed tax audit report before filing return of income and filed return within due date for filing ITR.    CPC  while processing u/s 143(1) has not allowed the entire expenditure as application of income and treated the gross receipts as taxable income and taxed accordingly.  in the intimation no reason given for the disallowance.  for filing appeal what grounds can be taken and  apart from appeal , any other alternative remedy available .…

► Read Answer