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2022 (1) TMI 883 - AT - Income TaxDenial of registration u/s. 12AA(1)(b) r.w.s. 12A - main activities of the assessee includes "Providing valuers course" to create skilled registered valuers in the country - assessee has failed to respond to the requirements of the CIT(E) to enable him to appreciate the relevant facts for the purposes of registration - as submitted that the registration sought under section 12AA could not be denied to the assessee where on similar facts, various other organizations like ICAI registered valuers organization, Indian Institute of Insolvency Professionals of ICAI, ICSI Insolvency Professional agency, Practising Valuers Association of India carrying similar objects as that of assessee, have been duly granted registration - HELD THAT:- As simultaneously noticed that the assessee has filed certain replies IN DAK before the CIT(E). On a reading of the impugned order, it appears that the CIT(E) has taken a view against the assessee unilaterally and without taking note of the main objects of the assessee as well as the decisions rendered in other cases placed in similar situation as claimed. The impugned order appears to be somewhat cryptic and requires elucidation on facts and law. We, therefore, deem it appropriate to restore the matter back to the file of the CIT(E)/other competent registering authority in force to examine matter DENOVO after taking cognizance of the factual position and contentions of the assessee. It shall be upon to the assessee to submit all relevant facts and its contentions before registering authority. The registering authority shall pass speaking order in accordance with law after taking note of the various submissions and contentions of the assessee. The impugned order under section 12AA(1)(b) r.w.s. 12A under challenge is thus set aside in terms observations hereinabove - Appeal of the assessee is allowed for statistical purpose.
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