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2018 (2) TMI 41 - AT - Income TaxDenying the registration u/s 12AA - absence of dissolution clause as well as beneficiary clause in the MOU of the society - Held that:- Dissolution clause has only been incorporated on 9th April, 2017 which is much beyond the date of the impugned order, however, it reflects that beneficiary clause has not been incorporated so far. CIT(E) has rightly passed the order under challenge for denying the registration u/s 12AA of the Act in the absence of dissolution clause and beneficiary clause in the MOU of the society. However, in the interest of justice, we give opportunity to the applicant/appellant to approach the Ld. CIT(E) by making fresh application while incorporating the dissolution clause and beneficiary clause and getting the same registered in the office of the Registrar of the Society of Registration Act and the Ld. CIT(E) is requested to expedite the application of the assessee, if file afresh and adjudicate the same de novo. - Decided against assessee
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