9911796707
TMI Blog2025 (4) TMI 1029X X X X Extracts X X X X X X X X Extracts X X X X ..... al before the Tribunal, for which the assessee has filed a condonation application along with an affidavit explaining the reasons for such delay. After considering the contents of the condonation application filed along with the affidavit and after hearing the Ld. DR, the delay in filing of the appeal is condoned and the appeal is admitted for adjudication. 3. Facts of the case in brief, are that the assessee filed an application in Form No.10AB on 30.09.2022 for registration of the trust under clause (iii) of section 12A(1)(ac) of the Act. With a view to verify the genuineness of the activities of the assessee and compliance to requirements of any other law for the time being in force by the trust / institution as are material for the pur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . In view of these shortcomings with respect to various aspects of being eligible for registration under section 12AB of the Act, especially with respect to genuineness and alignment with the objects of the trust/institution, the said application filed by the assessee is hereby rejected and the provisional registration granted on 27/05/2021 under section 12AB read with section 12A(1)(ac)(vi) of the Income Tax Act, 1961 is hereby cancelled." 4. Aggrieved with such order of CIT(Exemption), the assessee is in appeal before the Tribunal by raising the following grounds: 1 The learned CIT (Exemption), Pune has erred in rejecting application for registration/renewal of Assessee by passing order under clause (ii) of section 12A(1)(ac) r. w. s. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e satisfaction of the Ld. CIT(E). 6. The Ld. DR on the other hand strongly supported the order of the CIT(Exemption). 7. We have heard the rival arguments made by both the sides, perused the order of the Ld. CIT(E) and the paper book filed on behalf of the assessee. It is an admitted fact that on the basis of various details furnished by the assessee, Ld. CIT(E) noticed certain discrepancies for which he issued another notice to the assessee calling for certain clarifications. However, the assessee failed to respond to the said notice for which the Ld. CIT(E) rejected the application for grant of registration u/s 12A of the Act and cancelled the provisional registration granted earlier, the reasons of which have already been reproduced in ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
