Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (5) TMI 14 - AT - Income TaxExemption u/s 11 - application for registration u/s 12AA - not responded by competent authority within six months - deemed registration - HELD THAT:- CIT(Exemptions) had accepted the fact of receipt of application for registration on 27/12/2005. Since there is no denial by the department within six months, the assessee was deemingly granted registration by virtue of application under section 12AA not being rejected within the stipulated time period of six months from the date of filing the application for registration. Nowhere, there is any adverse observation of the A.O. and the ld. CIT(A) to the effect that the assessee was not following the object of the society and the assessee is not a charitable institution. As relying on SOCIETY FOR THE PROMN. OF EDN., ALLAHABAD [2016 (2) TMI 672 - SUPREME COURT] and SOCIETY FOR THE PROMOTION OF EDUCATION, ADVENTURE SPORT & CONSERVATION OF ENVIRONMENT [2008 (4) TMI 700 - ALLAHABAD HIGH COURT] no merit in the action of the lower authorities for denial of claim of exemption U/s 11 of the Act - Decided in favour of assessee.
|