https://www.taxtmi.com/caselaws?id=352524 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, overturning the rejection of registration under section 12AA of the IT Act by the Commissioner of Income Tax (CIT). The ITAT found that the trust was established for educational purposes, operated a CBSE-affiliated school, and maintained financial independence from the franchise entity. Emphasizing compliance with charitable expenditure norms, the ITAT directed the CIT to grant registration to the assessee society, concluding that the rejection was legally unsustainable. en-us Thu, 07 Dec 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:32:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352524 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, overturning the rejection of registration under section 12AA of the IT Act by the Commissioner of Income Tax (CIT). The ITAT found that the trust was established for educational purposes, operated a CBSE-affiliated school, and maintained financial independence from the franchise entity. Emphasizing compliance with charitable expenditure norms, the ITAT directed the CIT to grant registration to the assessee society, concluding that the rejection was legally unsustainable. Case-Laws Income Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352524