Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
ITAT allowed the assessee's appeals, set aside the CIT(E) order denying registration under sections 12AB and 80G, and directed the CIT(E) to permit rectification of the incorrectly selected clause/sub-clause in the application form. The Tribunal found the filing error non-fatal, accepted the assessee's explanation and prayer for amendment, and ordered CIT(E) to adjudicate the registration application on its merits thereafter. Consequentially, the matter is remitted for fresh consideration and decision in accordance with law. The appeals are allowed for statistical purposes.
ITAT allowed the assessee's appeals, set aside the CIT(E) order denying registration under sections 12AB and 80G, and directed the CIT(E) to permit rectification of the incorrectly selected clause/sub-clause in the application form. The Tribunal found the filing error non-fatal, accepted the assessee's explanation and prayer for amendment, and ordered CIT(E) to adjudicate the registration application on its merits thereafter. Consequentially, the matter is remitted for fresh consideration and decision in accordance with law. The appeals are allowed for statistical purposes.
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