Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (9) TMI 191 - AT - Income TaxApplication for registration u/s 12A rejected - objects of the assessee-company not found to be charitable in nature - HELD THAT:- At the time of granting of registration under section 12AA of the Income-Tax Act, the CIT(E) is required to satisfy himself about the objects of the Trust or Institution and the genuineness of its activities. The assessee has produced sufficient evidence on record that assessee-company is involved in charitable activities and have also held Seminars and Training Sessions for training of the registered valuers. The decisions relied upon by Assessee squarely apply to the facts and circumstances of the case. The objects as noted above have not been disputed by the CIT(E). Further, in similar assessee’s having the same objects, registration under section 12AA have been granted in their favour. These facts, therefore, show that assessee has satisfied the conditions of Section 12AA of the Income Tax Act, 1961. Accordingly there were no justification for CIT(E) to reject the application for registration under section 12A. We set aside the impugned order and direct the CIT(E) to grant registration under section 12A of the Income Tax Act to the assessee within one month from the date of the order. - Decided in favour of assessee.
|