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2015 (7) TMI 1181 - AT - Income TaxRevision u/s 263 - basis of the order of CIT is this that there is no registration u/s 12AA or approval u/s 10 (23C) of the I. T. Act - Held that:- We find that as per the impugned order, the only basis of CIT for holding that the assessment order is erroneous is this that there is no registration certificate u/s 12AA. But we find that as per letter dated 03.06.2015 of CIT, Meerut, this assessee society is enjoying 12A Registration w.e.f. 22.09.1987 and hence, the very basis of the order of CIT is nonexistent. Therefore, the impugned order of CIT u/s 263 is not valid and we quash the same. - Decided in favour of assessee
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