Registration u/s 12AA - generation of surplus - nothing is ...
Income Tax Act Section 12AA: Society Denied Registration Due to Surplus Generation Misinterpretation, Despite Reinvestment in Education Goals.
August 19, 2019
Case Laws Income Tax AT
Registration u/s 12AA - generation of surplus - nothing is discernible from the records of the lower authorities which would irrefutably prove that generation of such surplus and not rendering of the education was the predominate object of the assessee society - once surplus generated had been ploughed back by the assessee society for the furtherance of its object, CIT(E) had erred in declining to grant registration
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