Supreme Court: Section 12AA Application Deemed Registered After 6 Months

The Supreme Court clarified that the application under Section 12AA of the Income Tax Act would be deemed registered if there is no response within six months, with registration effective from a specified date. The appeal was disposed of with no order as to costs.

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The Supreme Court granted leave in a case regarding deemed registration of an application under Section 12AA of the Income Tax Act. The High Court's view was that if there is no response within six months, the application is deemed registered. The Court clarified that in this case, registration would be effective from 24.08.2003. The appeal was disposed of with no order as to costs.

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