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2015 (5) TMI 814 - AT - Income TaxRefusal for granting registration u/s 12A(1)(aa) - Held that:- It is an undisputed fact that assessee is running educational institution as is apparent from the assessment order of earlier years and moreover the object clause as suggests that assessee is running school for educational purposes. The argument of Ld. D.R. that original constitution needs to be examined with respect to objects clause does not hold much force as A.O. in assessment orders of earlier years has noted that society was running a school. In view of above facts and circumstances and in view of the judgements as noted above, we direct the Commissioner to allow registration u/s 12AA of the Act. The A.O. during assessment proceedings will however be entitled to examine the books of accounts of assessee with a view to examine any violation of the Act and can disallow exemption u/s 11 if anything adverse is found. - Decided in favour of assessee
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