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2021 (7) TMI 761 - AT - Income TaxExemption u/s 11 read with section 12AA - Cancellation of registration u/s 12AA - HELD THAT:- In the present case, the assessing officer denied the benefit of exemption only on the ground of cancellation of registration u/s 12AA without assigning any further reason. In the light of the order of the Coordinate bench of this Tribunal [2014 (8) TMI 305 - ITAT DELHI] and it being upheld by the Hon’ble High Court [2017 (7) TMI 1388 - ALLAHABAD HIGH COURT], the very basis of denial of benefit u/s 11 of the Act, as adopted by the assessing officer, stands vitiated and non-existent. We uphold the order of the CIT (A) allowing the claim of exemption u/s 11 of the Act. Appeals of the Department stand dismissed.
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