Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (8) TMI 708 - AT - Income TaxExemption u/s 11 - rejection of application of assessee for grant of registration u/s.12A - CIT(E) rejected the application of the assessee holding that the assessee trust does not exist for the purpose of charity, rather it is working commercially, which is defeating its own aims and objectives - HELD THAT:- On perusal of the order of CIT(E), we find that the CIT(E) in its order observed that the assessee trust does not exist for the purpose of charity, rather it is working commercially, which is defeating its own aims and objectives. Considering the prayer of assessee we provide one more opportunity to the assessee to substantiate its claim before the CIT(E) with proper evidence/documents and the CIT(E) is directed to consider the submission of the assessee and pass the order accordingly after providing reasonable opportunity to the assessee. - Decided in favour of assessee for statistical purposes.
|