Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (11) TMI 1238 - AT - Income TaxExemption u/s 11 - registration under section 12AA denied - Scope of amendment in Sec 2(15) w.e.f. 1.4.2009 - HELD THAT:- This issue is squarely covered against the assessee by the decision of Chandigarh Bench of the Tribunal in case of Improvement Trust, Malerkotla V CIT, [2014 (3) TMI 1178 - ITAT CHANDIGARH]wherein identical issue was considered and decided against the assessee. The assessee Trust before us is the Improvement Trust, Malerkotla and the facts of the present case are identical to the facts of Improvement Trust, Bathinda which is also formulated under the Punjab Town Improvement Trust Act. It was fairly admitted by the ld. AR for the assessee during the course of hearing that the appeals in the case of various Improvement Trusts under the amended provisions of section 2(15) of the Act w.e.f. 01.04.2009 were pending before the Hon'ble Punjab & Haryana High Court. As the facts of the present case are identical to the facts before the Amritsar Bench of the Tribunal in Improvement Trust, Bathinda Vs CIT, Bathinda [2015 (9) TMI 1012 - ITAT AMRITSAR] and following the same parity of reasoning, we uphold the order of Commissioner of Income T ax in withdrawing the registration granted to the assessee under section 12AA - Appeal of the assessee is dismissed.
|