9911796707
TMI Blog2024 (11) TMI 1251X X X X Extracts X X X X X X X X Extracts X X X X ..... tion in Form No.10AB under clause (iii) of section 12A(1)(ac) of the Act on 05.09.2023. In order to verify the genuineness of the activities of the assessee trust and compliance to the requirements of any other law for the time being in force by the trust / institution as are material for the purpose of achieving its objects, a notice was issued by the CIT(E) through ITBA portal on 07.11.2023 requesting the assessee to upload certain information / clarification as per para 2 of his order. Although the notice was duly served on the assessee, however, the assessee did not furnish any explanation / submission for which, the CIT (Exemption) rejected the application for grant of registration u/s 12A of the Act and also cancelled the provisional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he purpose of achieving its objects. 5. In view of the above, the application filed by the assessee is hereby rejected and the provisional registration granted on 07/04/2023 under section 12AB read with section 12A(1)(ac) (vi) of the Income Tax Act, 1961 is hereby cancelled." 3. Aggrieved with such order of the CIT(Exemption), the assessee is in appeal before the Tribunal by raising the following grounds: The following grounds are taken without prejudice to each other - On facts and in law, 1] The learned CIT (E) erred in rejecting the application made by the assessee under clause (iii) of section 12A (1) (ac) for registration of the trust. 2] The learned CIT (E) erred in holding that in the absence of credible evidences furn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion before the CIT(Exemption). He submitted that since the CIT(Exemption) has called for various details. The assessee could not compile these within a short time for which, the assessee has filed an adjournment application. However, the CIT(Exemption) without granting any adjournment to the assessee, has passed the order rejecting the application for grant of registration and also cancelled the provisional registration granted earlier. He submitted that in the interest of justice, the assessee should be given one more opportunity to substantiate its case by filing the requisite details / documents. 5. The Ld. DR on the other hand strongly supported the order of the CIT(Exemption). He submitted that despite number of opportunities granted ..... X X X X Extracts X X X X X X X X Extracts X X X X
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