2016 (12) TMI 1837 - SC - Income Tax

Deemed registration of an application u/s 12AA - High Court has taken the view that once an application is made under the said provision and in case the same is not responded to within six months it would be taken that the application is registered under the provision - appellants has raised an apprehension that in the case of the respondent since the date of application was of 24.02.2003 at the worst the same would operate only after six months from the date of the application. HELD THAT - We see no basis for such an apprehension since that is the only logical sense in which the Judgment could be understood. Therefore in order to disabuse any apprehension we make it clear that the registration of the application under Section 12AA of the Income Tax Act in the case of the respondent shall take effect from 24.08.2003.

Summary

The Supreme Court granted leave in a case regarding the deemed registration of an application under Section 12AA of the Income Tax Act. Despite no appearance by the respondent, the court clarified that the application would be deemed registered from 24.08.2003, six months after the date of application. The appeal was disposed of with no order as to costs.