https://www.taxtmi.com/caselaws?id=227258 The High Court held that the time limit in Section 12AA(2) of the Income Tax Act for registration is directory, not mandatory, with no specified consequence for non-compliance. The court ruled against deeming registration for the Assessee Company due to the application not being processed within six months. It emphasized the need to assess the charitable nature of the Assessee Company's activities for registration under Section 12AA. The Tribunal's decision was set aside, and the case was remitted to the Commissioner of Income Tax for a fresh evaluation of the registration application. en-us Wed, 20 Mar 2013 00:00:00 +0530 Tue, 02 Jul 2013 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=227258 The High Court held that the time limit in Section 12AA(2) of the Income Tax Act for registration is directory, not mandatory, with no specified consequence for non-compliance. The court ruled against deeming registration for the Assessee Company due to the application not being processed within six months. It emphasized the need to assess the charitable nature of the Assessee Company's activities for registration under Section 12AA. The Tribunal's decision was set aside, and the case was remitted to the Commissioner of Income Tax for a fresh evaluation of the registration application. Case-Laws Income Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=227258