Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (3) TMI 673 - AT - Income TaxRegistration u/s 12AA denied - name of the company shown as "MAHINDRA EDUCATIONAL INSTITUTIONS" indicates plurality of institution - Held that:- The word "institutions" was placed in the name only to identify different colleges in different locations as forming part of one entity. The name is indicative to the public that there was only single entity but it consists of different colleges/institutions forming part and operating under such single entity. Further, plurality is common Indian practice in names such as 'enterprises', 'industries', 'firms', 'projects', etc., which are used as singular noun rather than to bring more than one entity. Since the assessee has complied with all the conditions which are necessary for grant of registration u/s. 12AA and we are of the opinion that 'institutions' is used as singular Noun rather than to bring more than one entity and also that Mahindra Educational Institutions is only a single entity but consists of different colleges/institutions operating under such single entity, we direct the DIT(E) to grant registration to the assesseecompany u/s. 12AA of the Income-tax Act, 1961. - Decided in favour of assessee.
|