https://www.taxtmi.com/caselaws?id=63819 The Tribunal held that if the CIT fails to pass an order within the six-month period specified in Section 12AA(2) of the IT Act, the trust's registration is deemed granted. The Tribunal found the time limit mandatory, rejecting the idea that the application could be deemed refused or pending. It emphasized that the CIT's inaction should not negate the appeal process or extend limitation periods unjustly. The Tribunal quashed the CIT's order refusing registration, declaring it a nullity, and allowed the appeal, confirming the deemed registration. en-us Fri, 31 Aug 2007 00:00:00 +0530 Sat, 03 Feb 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63819 The Tribunal held that if the CIT fails to pass an order within the six-month period specified in Section 12AA(2) of the IT Act, the trust's registration is deemed granted. The Tribunal found the time limit mandatory, rejecting the idea that the application could be deemed refused or pending. It emphasized that the CIT's inaction should not negate the appeal process or extend limitation periods unjustly. The Tribunal quashed the CIT's order refusing registration, declaring it a nullity, and allowed the appeal, confirming the deemed registration. Case-Laws Income Tax Fri, 31 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63819