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2013 (8) TMI 590 - AT - Income TaxCancellation of registration provided u/s 12AA of the IT Act, as a charitable institution – Held that:- As per para 19 of the order of ITAT in the case of Agra Development Authority [2013 (8) TMI 549 - ITAT AGRA], wherein it was stated that for exercising power of cancellation of registration under section 12AA read with section 12AA(3) of the Act by the CIT only on the condition that the CIT subsequently found and satisfied that the activities of such trust or institution are not genuine, or are not being carried out in accordance with the objects of the trust or institution – In the instant case, CIT did not give any such finding that the assessee's activities are not genuine or are not being carried out in accordance with the objects of the trust as the assessee, Mathura Vrindavan Development Authority, carried out activities which were existing at the time of allowing registration under section 12AA of the Act - Set aside the order of CIT and restore the registration under section 12AA of the Act which has been cancelled – Appeal allowed – Decided in favor of Assessee.
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