https://www.taxtmi.com/caselaws?id=380388 The Tribunal set aside the refusal of registration under Section 12AA of the IT Act by the ld. CIT(E) and directed reconsideration. It emphasized evaluating the charitable nature of the company's activities, focusing on providing loans to economically weaker sections without profit motive. The decision highlighted the need for a comprehensive assessment before rejecting registration, considering the company's charitable objectives under the Companies Act. en-us Tue, 14 May 2019 00:00:00 +0530 Sat, 18 May 2019 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380388 The Tribunal set aside the refusal of registration under Section 12AA of the IT Act by the ld. CIT(E) and directed reconsideration. It emphasized evaluating the charitable nature of the company's activities, focusing on providing loans to economically weaker sections without profit motive. The decision highlighted the need for a comprehensive assessment before rejecting registration, considering the company's charitable objectives under the Companies Act. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380388