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2015 (4) TMI 870 - HC - Income TaxEntitlement to registration under Section 12AA - Held that:- Revenue would not be justified in refusing the grant of registration at the threshold. See Director of Income Tax Exemptions Versus M/s. Seervi Samaj Tambaram Trust [2014 (2) TMI 32 - MADRAS HIGH COURT] and Commissioner of Income Tax-I, Madurai. Versus Arulmigu Sri Kamatchi Amman Trust [2012 (2) TMI 159 - MADRAS HIGH COURT ] It is not denied by the assessee that on the date of the application under Section 12AA, it was yet to commence its operation. But nevertheless the genuineness of the objects of the trust were not questioned by the Commissioner. Considering the fact that the continuance of registration is further a subject matter of scrutiny by the Commissioner as contemplated under Section 12AA(3) of the Income Tax Act, we do not think that the Revenue would be justified in refusing the registration at the threshold. - Decided in favour of assessee.
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