TMI Blog2018 (8) TMI 280X X X X Extracts X X X X X X X X Extracts X X X X ..... e respondent-authority under Section 12AA of the Act could not have been withdrawn with effect from 1st April, 2008 on the ground that proviso was added on 1st April, 2008. Accordingly, we affirm the finding recorded by the Tribunal. - Decided in favour of assessee - Income Tax Appeal No. 321 of 2011 - - - Dated:- 19-7-2018 - Hon'ble Bharati Sapru And Hon'ble Dinesh Kumar Singh, JJ. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctivities which are charitable in nature? 2. The respondent, Meerut Development Authority, was granted registration under Section 12AA vide an order dated 31st May, 2007. 3. The proviso to Section 2(15) of the Act was added by Finance Act, 2008 to the effect; that advancement of any other object of general public utility shall not be charitable purpose, if it involves the carrying on of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. Aggrieved by the aforesaid order of the C.I.T., the respondent-authority preferred an appeal before the Tribunal. 6. The Tribunal allowed the appeal on the ground that the proviso to Section 2(15) of the Act was added by the Finance Act, 2008, but it had been made applicable w.e.f. 1st April, 2009 and, thus, the registration of the respondent-authority under Section 12AA of the Act could not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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