9911796707
TMI Blog2011 (8) TMI 979X X X X Extracts X X X X X X X X Extracts X X X X ..... me Act were granted registration under section 12A of the Act but the same was denied to the assessee. On the basis of parity , we are of the view that the assessee is also entitled for the registration. It makes no difference that the assessee has not yet started functioning being charitable institution. Registration is required before starting business as per the ratio laid down in the case of M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee under Sections 12 AA(i)(b) (ii) of the Income Tax Act. Brief facts of the case are that the assessee authority was set up under the U.P. Industrial Area Development Act, 1976. For this purpose a gazette notification was issued on 28th July, 2005. The assessee has applied for registration under section 12 A of the Income Tax but CIT vide its order dated 22.9.2007 refused the registration o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... After considering the totality of the facts and circumstances of the case, it appears that the assesse is a statutory authority which was established under the U.P. Industrial Area Development Act, 1976. Other authorities which were established under the same Act were granted registration under section 12 A of the Act but the same was denied to the assessee. On the basis of parity , we are of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
