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Issues involved: Appeal against rejection of application for Registration u/s 12AA of the Income Tax Act, 1961.
Summary: The appellant appealed against the rejection of the application for Registration u/s. 12AA by CIT-III, Baroda, contending that the objects were for the benefit of the "Public" as per section 2(15) of the Income Tax Act, 1961. The appellant argued that the activities and objects were charitable in nature and satisfied all conditions for registration u/s. 12AA. The Ld. A.R. cited a tribunal decision in favor of the assessee, but it was not presented before the CIT. The tribunal found that the CIT's rejection was based on the assessee not falling within the category of institutions meant for charitable purpose. The tribunal decided to send the matter back to the CIT for a fresh decision in light of the tribunal decision, providing the assessee with an opportunity to be heard. The tribunal's decision was influenced by a previous case where it was held that the trust's objects were to help other member industries, i.e., the public at large. As the factual details of the previous case were not available, the tribunal deemed it necessary for the CIT to reevaluate the matter in comparison to the present case. Ultimately, the tribunal set aside the CIT's order and remanded the matter for a fresh decision after considering the relevant tribunal decision and providing the assessee with a fair opportunity to present their case. The appeal of the assessee was allowed for statistical purposes, and the order was pronounced in the open court.
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