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2010 (11) TMI 524 - AT - Income TaxRegistration - u/s 12AA(1)(b)(ii) - Benefit u/s 11 and 12 - Application for registration under the Income-tax Act was filed on March 26, 2009 - It was submitted that the registration was required with effect from the financial year 2008-09. On perusal of the objects of the society, it was found that it contained a clause regarding running any kind of business house for the betterment of the society - assessee submitted that the offending clause has been omitted on September 17, 2009 and intimation to this effect has been given to the Registrar of Societies - The society has never conducted any business in pursuance of the aforesaid object - Accordingly, directed to grant registration with effect from September 17, 2009 - The result would be that the assessee would be entitled to the benefit of sections 11 and 12 for the assessment year 2010-11 and subsequent years - Decided in favour of assessee.
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