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2014 (1) TMI 1081 - HC - Income TaxExemption u/s 11 r.w Section 12 of the Act – Held that:- The assessees were registered under Section 12A of the Act - assessees are trusts established wholly for the purposes of imparting education - Merely because the assessees made contributions to another trusts, also registered under Section 12A of the Act and because, in some of the years, their revenue was more than their expenditure, despite non-cancellation of their registration under Section 12A of the Act - the assessees are no longer entitled to the registration, it would have been obligatory on its part to bring the same to the notice of the Commissioner for the purpose of de-registration of the assessees. Instead of that, in a most mala fide manner, he assessed the assessees – the order of the CIT(A) upheld – Decided against Revenue.
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