Latest Income-Tax Details

For Full Access To All Latest Judgments on Income Tax
Click Here To Subscribe Now
Take a tour of our Income-Tax Library

CIT(E) rejected the 12A registration on the ground that clause mentioned in the gift deed is not in accordance with law is concerned; we find that the above reason given by the ld.CIT(E) is not correct in rejecting the 12A registration to the assessee. Further, the ld.CIT(E) not at all examined what the assessee's activities whether assessee actually carrying charitable activities are not. Without doing so, the ld. CIT(E) picked up an irrelevant clause in the gift deed and rejected 12A, in our opinion ld. CIT(A) is not correct. We, therefore, granting 12A to the assessee. Ordered accordingly. 7. In the result, appeal filed by the assessee is allowed.

Shanti Prime Publication Pvt. Ltd.

Sec. 11 of Income Tax Act, 1961— Exemption —PREMA SAMAJAM vs. ITO.[2020] 23 ITCD Online 131 (ITAT-VISAKHAPATNAM)