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2017 (1) TMI 1006 - HC - Income TaxExemption u/s 11 - assessee has not mentioned registration number and date in the ITR-7 - registration under Section 12AA - Held that:- As under amended provision, as is applicable in relevant assessment year, not only making of application for registration of trust is necessary but even registration of trust as such is a condition provided in statute. Thus, until and unless registration is granted no exemption can be claimed only on the basis that application has been submitted for registration. In the present case, despite the fact that admittedly no registration certificate has been issued to respondent till date, still exemption has been granted by authorities below. This is not consistent with requirement of Section 12A(1), as is applicable for relevant assessment year with which we are concerned.- Decided in favour of Revenue.
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