2015 (12) TMI 1883 - HC - Income Tax

Exemption u/s 11 - benefit of certificate u/s 12(A) - conditions stipulated under the provisions of sub-section (3) of section 12AA which empowers the authority to cancel the registration - HELD THAT - As appellants has fairly stated that the questions of law raised in this appeal are covered by the decision of this Court in the case of The Director of Income Tax Exemption Vs. M/s. Karnataka Badminton Assn. 2015 (1) TMI 1202 - KARNATAKA HIGH COURT wherein the questions have been answered in favour of the Assessee and against the Revenue. Accordingly, for the reasons given in the aforesaid Judgment in Karnataka Badminton Assn. s case supra , this appeal is dismissed and the questions of law raised are answered in favour of the Assessee and against the Revenue.

Summary

The Karnataka High Court dismissed the appeal in favor of the Assessee based on a previous judgment in the case of 'The Director of Income Tax Exemption Vs. M/s. Karnataka Badminton Assn.' dated 12.1.2015. The questions of law raised were answered in favor of the Assessee and against the Revenue.