Deemed approval of Trust Registration The Tribunal held that once the limitation prescribed under section 12AA of the Act expired and the consequential default on the part of the CIT(E) in deciding the application would result deemed grant of registration is a settled proposition. Therefore, it has been held by the Tribunal that the judgment… Read More »
The ld. CIT (Exemptions) has passed the impugned order on the ground that the purchase and sale of milk, milk product, cattle feed etc. does not come under the object of the assessee trust. Held where there is no dispute about the activities being carried out by the assessee trust and it has maintained 11… Read More »
The Commissioner of Income tax (Exemptions) himself shall process the applications for registration under section 12A of Income Tax Act Sub-section (1) of section 12AA of the Income-tax Act, 1961 record the following given procedure for grant of registration as under: “12AA. (1) The Principal Commissioner or Commissioner, on receipt of an application for registration of a… Read More »