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2014 (8) TMI 1024 - AT - Income TaxRejection of request for registration under section 12AA - Held that:- As carefully gone through the Memorandum of Association and also the reasons given by the learned DIT (Exemption) it is not in dispute that the main object, i.e. to promote and popularise education for the benefit of handicapped, housewives, etc. cannot be said to be non-charitable object. So long as the object is of charitable nature registration cannot be rejected mainly on the ground that it has not commenced it activity. Since commencement would invariably or in most of the cases depend upon gathering of funds which event can take place only upon obtaining necessary permission from the tax authorities such as approval of the charitable activity and registration under section 12AA of the Act. Having regard to the circumstances of the case we are of the view that it is a fit case for granting of registration. The AO is always free to consider allowability of exemption at the time of assessment. With these observations the matter is set aside to the file of the DIT. - Decided in favour of assessee
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