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2023 (10) TMI 848 - ITAT RAIPURExemption u/s 11 - application for registration u/s. 12AB rejected - assessee society was maintaining two types of audit reports for each year - HELD THAT:- It is a matter of fact borne from the record that the assessee society on being queried about the expenses incurred in relation to the activities which were claimed to have been carried out by it, had come forth with two audit reports of the assessee society for F.Y 2019-20 to F.Y 2021-22. It is absolutely incomprehensible and a matter of serious concern as to how two sets of audit reports, which, as observed by the CIT(Exemption), revealed a glaring mismatch in the total income and expenditure, had been filed by the assessee society in the course of the proceedings before him. We are of a strong conviction that as the genuineness of the activities of the assessee society has not been substantiated, no infirmity emerges from the order of the CIT(Exemption), Bhopal, who had rightly declined its application for grant of registration u/s. 12AB - CIT(Exemption) rightly declined the application filed by the assessee society for grant of registration u/s. 12AB - Decided against assessee.
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