TMI Blog2013 (10) TMI 115X X X X Extracts X X X X X X X X Extracts X X X X ..... amiti [2009 (12) TMI 13 - HIGH COURT OF ALLAHABAD], wherein it has been held that registration of mandi samities, established by notification in exercise of powers under Section 12 of the Krishi Utapadan Mandi Ahiniyam 1964, as statutory body, with the object to regulate the sale and purchase of the agricultural produce and also to develop the facilities for the farmers, are entitled for registrat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Appellate Tribunal, SMC Bench, Allahabad in Income Tax Appeal No. 112 (Alld)/2007, by which the Tribunal has condoned the delay under Section 12 (A) (a) of the Act and directed grant of registration under Section 12 A of the Act w.e.f. 1.4.2003. 3. In this Income Tax Appeal, the department-appellant has raised the following substantial questions of law, for consideration by the Court:- "1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... justified in ignoring the decision of the Hon'ble Supreme Court in the case of ACIT Vs. Thanti Trust reported in 247 ITR 785 which has been referred by the CIT while rejecting the application for Registration u/s 12-A of the Act?" 4. Sri Ashish Bansal, appearing for the respondent Mandi Samit informs the Court that the questions raised in this appeal have been decided, and are covered by judgme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 10 (20) as well as Section 10 (29) of the Act before its deletion, and they were required to get registration under Section 12A of the Act only after amendment in Section 10 (20) was brought by the Finance Act 2002. Some officers were under bonafide belief that status quo was continuing, and that there was no need to obtain registration. They also need approval of Controlling Authority, to appl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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