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2017 (4) TMI 1386 - AT - Income TaxExemption u/s 11 - cancellation of registration of the trust u/s 12AA(3) of the Act has been quashed by the Tribunal [2012 (2) TMI 659 - ITAT KOLKATA] - Held that:- We find that the tribunal had already quashed the order passed by the ld. CIT cancelling the registration u/s 12AA(3) of the Act. Against this order, the revenue had preferred further appeal before the Hon’ble Calcutta High Court and the same is pending. As on date, the assessee enjoys registration u/s 12A of the Act which fact is not disputed by the revenue in the assessment order. Hence there is no reason to deny the exemption u/s 11 of the Act. We also find that the revenue had not brought any material on record to prove that assessee had not complied with the provisions of section 11 read with section 13 of the Act. Hence we hold that the assessee is entitled for exemption u/s 11 of the Act for this Asst. year also. Accordingly, the grounds raised by the revenue are dismissed.
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