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2010 (1) TMI 656 - AT - Income TaxCondonation of delay – Registration u/s 12AA - rejected the condonation petition and granted its registration only with effect from 1.4.2007 initially - During financial year 2006-07, it had given help and aid to the needy and also maintained and helped in construction of a public place of worship - In relation to applications made before 1st day of June, 2007, the Commissioner of Income Tax if he is satisfied that the person in receipt of income was prevented from filing the application, within the time allowed under section 12A(1)(a) for sufficient reason, condone the delay and grant the registration from an earlier date - Reason given by the assessee is ignorance of law, not having any worthwhile receipts in the initial years, and a belief that corpus donations were not taxable - In any case, knowledge of all statute laws cannot be presumed as held by Hon'ble Apex Court in the case of Motilal Padampet Sugar Mills Co. Ltd. v. State of UP. reported in 118 ITR 326 – Accordingly the delay ought to have been condoned and assessee granted registration from the date of inception - Appeal is allowed
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