https://www.taxtmi.com/caselaws?id=356226 The ITAT ruled in favor of the assessee in an appeal against the CIT (Exemptions) order denying registration under Section 12AA. The CIT's rejection based on lack of evidence regarding activities was deemed unfounded as financial statements and tax returns demonstrated the operation of a college aligned with the society's charitable objects. The ITAT emphasized the CIT's duty to verify genuine activities in line with the society's objects for registration. Registration under Section 12AA does not automatically exempt income but allows for exemption claims. The ITAT directed the CIT to grant registration to the assessee under Section 12AA. en-us Thu, 22 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 07:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356226 The ITAT ruled in favor of the assessee in an appeal against the CIT (Exemptions) order denying registration under Section 12AA. The CIT's rejection based on lack of evidence regarding activities was deemed unfounded as financial statements and tax returns demonstrated the operation of a college aligned with the society's charitable objects. The ITAT emphasized the CIT's duty to verify genuine activities in line with the society's objects for registration. Registration under Section 12AA does not automatically exempt income but allows for exemption claims. The ITAT directed the CIT to grant registration to the assessee under Section 12AA. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356226