2013 (2) TMI 761 - AT - Income Tax

Summary

Issues involved: Appeal against rejection of application for registration under S.12AA of the Income-tax Act, 1961.

Summary:
The appeal was filed by the assessee against the order of the Director of Income-tax(Exemption) Hyderabad rejecting the application for registration under S.12AA of the Act. The Director had called for information regarding the genuineness of the business carried out by the assessee and commencement of activity, which the assessee allegedly did not furnish. The Tribunal found that the Director did not provide adequate opportunity to the assessee to submit the required information before rejecting the application. Therefore, the Tribunal set aside the Director's order and directed a fresh examination of the application, emphasizing the need for the assessee to cooperate and comply with the Director's requests. The Director was instructed to reevaluate the registration application, issue a speaking order, and provide a reasonable opportunity for the assessee to be heard.

The Tribunal allowed the assessee's appeal for statistical purposes, with the order pronounced on 22.02.2013.