https://www.taxtmi.com/caselaws?id=364723 The Tribunal overturned the rejection of registration u/s.12AA and approval u/s.80G by the CIT(Exemption) for the assessee society. The Tribunal found the rejection unjustified, emphasizing that the absence of specific clauses in the Memorandum of Association did not warrant refusal. It highlighted that the Act's investment restrictions were not violated, and the dissolution clause adequately addressed asset distribution. The Tribunal directed the CIT(Exemption) to grant the requested registration and approval, emphasizing the need for proper justification in rejection decisions. en-us Wed, 01 Aug 2018 00:00:00 +0530 Fri, 03 Aug 2018 08:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364723 The Tribunal overturned the rejection of registration u/s.12AA and approval u/s.80G by the CIT(Exemption) for the assessee society. The Tribunal found the rejection unjustified, emphasizing that the absence of specific clauses in the Memorandum of Association did not warrant refusal. It highlighted that the Act's investment restrictions were not violated, and the dissolution clause adequately addressed asset distribution. The Tribunal directed the CIT(Exemption) to grant the requested registration and approval, emphasizing the need for proper justification in rejection decisions. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364723