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2022 (1) TMI 328 - ITAT DELHIExemption u/s 11 - rejecting the registration u/s 12AA(l)(b)(ii) - as per AO appellant society has not been able to produce the books of accounts for verification of object and activities of the trust - Appellant had introduced the unaccounted money into the trust income as donation and the appellant society is not carrying out any activity of charitable nature - HELD THAT:- It is pertinent to note that the CIT(Exemption) has given a finding that no details were filed by the assessee/applicant establishing that the Foundation is for charitable purpose, but the record shows otherwise. Therefore, we are of the view that the CIT(Exemption) should take into account the cognizance of the evidence and decide the application u/s 12AA of the applicant Foundation/assessee as per law. Needless to say, the applicant be given opportunity of hearing by following principles of natural justice. Therefore, the appeal of the assessee is partly allowed for statistical purpose.
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