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2011 (8) TMI 979 - HC - Income TaxGrant registration to assessee under Sections 12 AA(i)(b) (ii) - Held that:- It appears that the assessee is a statutory authority which was established under the U.P. Industrial Area Development Act, 1976. Other authorities which were established under the same Act were granted registration under section 12A of the Act but the same was denied to the assessee. On the basis of parity , we are of the view that the assessee is also entitled for the registration. It makes no difference that the assessee has not yet started functioning being charitable institution. Registration is required before starting business as per the ratio laid down in the case of M/s Bihar State Forest Development Corporation vs. CIT [1996 (9) TMI 96 - PATNA High Court]. In view of above, we see no reason to interfere with the impugned order passed by the Tribunal who has rightly directed CIT to grant registration to the assessee. The same is hereby sustained. No substantial question of law emerges.
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