https://www.taxtmi.com/caselaws?id=209341 The High Court of Madras ruled in favor of the appellant in a case concerning the interpretation of Section 12AA of the Income-tax Act. The Court disagreed with the Tribunal's view that registration of the respondent trust should be deemed granted due to the lapse of the six-month period. The Court emphasized that the appellant's timely order did not violate the Act. Additionally, the Court found fault with the appellant for not clearly registering or rejecting the trust, remanding the matter for proper consideration and decision within two months. en-us Mon, 13 Dec 2010 00:00:00 +0530 Mon, 22 Jul 2013 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209341 The High Court of Madras ruled in favor of the appellant in a case concerning the interpretation of Section 12AA of the Income-tax Act. The Court disagreed with the Tribunal's view that registration of the respondent trust should be deemed granted due to the lapse of the six-month period. The Court emphasized that the appellant's timely order did not violate the Act. Additionally, the Court found fault with the appellant for not clearly registering or rejecting the trust, remanding the matter for proper consideration and decision within two months. Case-Laws Income Tax Mon, 13 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209341