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2015 (10) TMI 4 - AT - Income TaxRejection of application for registration U/s 12AA - Held that:- The Assessing Officer himself satisfied on behalf of the learned CIT and recommended registration U/s 12AA of the Act. However, the learned CIT was not found satisfied with the explanation submitted by the applicant. When all the three years copies of return was with the CIT and copy of aims and objects of the trust created was also submitted before him, he should have considered these aspects to judge the genuineness of the activities before rejecting the registration U/s 12AA of the Act. He should have given a show cause notice for not finding out by him genuineness of the activities of the trust, therefore, we direct the learned CIT to reconsider the assessee’s application afresh and the assessee is also directed to cooperate with the CIT and furnish all the records for his satisfaction. Accordingly we set aside the order of the learned CIT, Alwar. - Decided in favour of assessee for statistical purposes only.
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