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2011 (4) TMI 1375 - AT - Income TaxClaim of the assessee for renewal of exemption u/s 080 - educational institution - the assessee is running various educational institutions which are also recognized by the Government bodies and Universities. It was continuously enjoying exemption u/s 080G and for renewal of same, an application was filed. CIT has refused to grant renewal of exemption u/s 80G. HELD THAT:- The certificate granted to the assessee u/s 012A treating it as charitable institution is subsisting and has not been shown to have been withdrawn till date. If it is so, then, in our considered opinion, renewal of exemption u/s 080G(5) could not be denied to the assessee and the case relied upon by Ld. AR and reproduced in the above part of this order fully supports such conclusion. Therefore, we find no justification in rejection of the claim of the assessee unless it is shown that the charitable status granted to the assessee by the certificate issued u/s 012A has been withdrawn. Therefore, we direct Ld. DIT (E) to grant the renewal to the assessee u/s 080G.
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