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2009 (10) TMI 422 - HC - Income TaxCharitable- Purposes- The assessee is a trust which was created on February 26, 2002, and was registered with the Sub Registrar, Chandigarh. Application under section 12A of the Act was made on May 29, 2007, which was beyond the stipulated time. The assessee filed application for condonation of delay, which was declined by the Commissioner. However, on appeal, the Tribunal held that there was sufficient cause for condonation of delay and the assessee was a genuine trust. Held that-the Commissioner of Income Tax had power to condone a delay in application for registration of a trust. The Tribunal had found on the facts that there was sufficient cause for condonation of delay and the assessee was a genuine trust. The delay in application was rightly condoned by the Tribunal.
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