https://www.taxtmi.com/caselaws?id=346427 The Tribunal ruled in favor of the assessee, a registered society, by setting aside the lower authorities' orders and deleting the addition made by the Assessing Officer. It held that the revenue's adjustment under section 143(1) of the Income Tax Act, 1961, was beyond the Act's scope, as it lacked proper verification of the assessee's registration status under section 12AA. The Tribunal emphasized that the revenue should have verified the registration status before withdrawing the exemption under section 11, as there was no evidence of rejection or cancellation of the registration. The appeal filed by the assessee was allowed. en-us Wed, 09 Aug 2017 00:00:00 +0530 Fri, 20 Dec 2024 14:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346427 The Tribunal ruled in favor of the assessee, a registered society, by setting aside the lower authorities' orders and deleting the addition made by the Assessing Officer. It held that the revenue's adjustment under section 143(1) of the Income Tax Act, 1961, was beyond the Act's scope, as it lacked proper verification of the assessee's registration status under section 12AA. The Tribunal emphasized that the revenue should have verified the registration status before withdrawing the exemption under section 11, as there was no evidence of rejection or cancellation of the registration. The appeal filed by the assessee was allowed. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346427