2024 (1) TMI 1437

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... granted registration which is valid till 2026-27 - HELD THAT:-Clause (c) of Section 12AB(1) provides for grant of provisional registration for a period of three years from the assessment year from which the registration is sought which the assessee has been granted. Now, the assessee has applied for permanent registration u/s 12AB(1) Clause (b) of the Act and CIT (Exemption) is required to call f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... h adjudication. Appeals filed by the assessee are allowed for statistical purposes.
SRI SANJAY GARG, JUDICIAL MEMBER AND SRI RAJESH KUMAR, ACCOUNTANT MEMBER For the Assessee - Sh. P.K. Ray, A/R. For the Department - Sh. S. Datta, CIT(D/R). ORDER Per Bench: The captioned four appeals preferred by the assessee are against separate orders passed by Learned Commissioner of Income-tax (Exe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Income Tax Act, 1961 in Form No. 10AB. This application was found to be prima-facie non-maintainable and accordingly vide letter dated 11.02.2023, certain clarifications were sought from the assessee. The application filed by the assessee is premature as the earlier order in Form 10AC is still valid till A.Y. 2026-2027. Accordingly the application filed by the assessee is treated as non-maint .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CIT (Exemption) is required to call for the documents and information and after recording his satisfaction grant registration for a period of five years. Thus, the assessee has filed the application for grant of registration for a period of five years and nothing else. Therefore, we find that ld. CIT (Exemption) has not properly appreciated the facts of the case and has wrongly dismissed the appl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X