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2010 (4) TMI 275 - HC - Income TaxRegistration u/s 12A – Delay in making application for registration - Market Committee – Charitable - ITAT condoned the delay – Held that:- once on the basis of numerous factors the Tribunal has condoned the delay and has directed registration of the assessee-respondent with effect from 1.4.2002 then the discretion exercised by the Tribunal would not be open to interference merely because the department is holding a contrary view or another view is possible. The Punjab State Agricultural Market Board has already been granted exemption and registration vide order dated 14.3.2005. Moreover, there was a bona fide belief with the assessee-respondent that the benefit of registration would enure to it as well. The charitable nature of the assessee-respondent is undisputed as registration has in any case granted w.e.f. 1.4.2005
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