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2014 (4) TMI 1019 - AT - Income TaxGrant of registration u/s 12A of the Act - Agricultural Market Committees - Claim of exemption - Income from local authority – Held that:- Following Commissioner of Income-tax Versus Agricultural Market Committee [2011 (3) TMI 1265 - Andhra Pradesh High Court] - Agricultural Market Committees are entitled for registration u/s 12A/12AA and directed the DIT(E) to grant registration - the orders of ITAT on the issue of granting registration are yet to be implemented by the DIT(E) – thus, the matter is required to be remitted back to the AO to allow exemption u/s 11, after the DIT(E) grants registration u/s 12A – Decided in favour of Assessee.
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