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2021 (12) TMI 818 - AT - Income TaxExemption u/s 11 - Registration u/s.12AA rejected - corpus donation received - HELD THAT:- CIT(E) ought not to have rejected an application for grant of registration u/s. 12AA - In our considered opinion, CIT(E) ought to have seen and examine the aim and object of the trust whether same are consonance to the spirit of law or not. CIT(E) should have seen the genuineness of activities of the trust. In this present case, Ld. CIT(E) has not exercised the same before rejecting the registration. CIT(E) has neither pointed out any defect in aim and object of the society nor doubted the genuineness of the activity of the society. We direct Ld. CIT(E) to grant registration u/s.12AA of Income Tax Act to the applicant within 60 days from the receipt of this order. - Decided in favour of assessee.
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