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2014 (1) TMI 1124 - AT - Income TaxEligibility for exemption u/s 11 - Held that:- The registration u/s 12AA was cancelled/withdrawn by the DIT(E) and further the activities of sale of liquor, canteen, daily card games, guest fees are in the nature of trade, business and commerce and therefore hit by the proviso of Section 2(15) of the Income Tax Act - The CIT(A) has decided the issue solely on the basis of withdrawal/cancellation of registration u/s 12AA without going into the issue of applicability of proviso to Section 2(15) of the Act - The registration u/s 12AA has been restored by the Tribunal vide order dated 10.7.2013 therefore, the impugned order of CIT(A) has been set aside for fresh adjudication to decide the issue on the question of applicability of proviso to Section 2(15) of the Act.
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