https://www.taxtmi.com/caselaws?id=280065 The Court clarified that non-disposal of an application within six months does not result in a deemed grant of registration under Section 12AA(2) of the Income Tax Act, 1961. The Full Bench overruled a previous judgment suggesting otherwise and held that the registration does not automatically occur if the application is not decided within the stipulated time frame. As a result, the appeal was allowed, and the Tribunal's decision was overturned. The judgment extensively analyzed the legal interpretation of Section 12AA(2) and its implications on registration. en-us Tue, 31 Jan 2017 00:00:00 +0530 Fri, 19 Apr 2019 05:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280065 The Court clarified that non-disposal of an application within six months does not result in a deemed grant of registration under Section 12AA(2) of the Income Tax Act, 1961. The Full Bench overruled a previous judgment suggesting otherwise and held that the registration does not automatically occur if the application is not decided within the stipulated time frame. As a result, the appeal was allowed, and the Tribunal's decision was overturned. The judgment extensively analyzed the legal interpretation of Section 12AA(2) and its implications on registration. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280065