Appeal allows marketing payments as deductible business expenses under Sec.37; director pay retained; R&D deductible from certificate date under Sec.3...
Registration under s.12AB upheld; CIT(Exemptions) exceeded jurisdiction by deciding taxability instead of preliminary verification and registration di...
The ITAT allowed the assessee's appeal and held that, on the materials placed before the CIT(Exemption), the assessee's objects qualify as charitable within the meaning of s.2(15) and the activities of operating an approved school and college conform to those objects. The Tribunal found the genuineness of activities established, no statutory or regulatory violations shown, and the alleged failure to furnish details insufficient to deny relief. Consequently, the Tribunal held the assessee eligible for registration under s.12A read with s.12AB and directed CIT(Exemption)-Pune to grant registration to the assessee forthwith.
The ITAT allowed the assessee's appeal and held that, on the materials placed before the CIT(Exemption), the assessee's objects qualify as charitable within the meaning of s.2(15) and the activities of operating an approved school and college conform to those objects. The Tribunal found the genuineness of activities established, no statutory or regulatory violations shown, and the alleged failure to furnish details insufficient to deny relief. Consequently, the Tribunal held the assessee eligible for registration under s.12A read with s.12AB and directed CIT(Exemption)-Pune to grant registration to the assessee forthwith.
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