https://www.taxtmi.com/caselaws?id=391432 The Tribunal allowed the appeal, directing the Commissioner of Income-tax (Exemptions) to grant registration under section 12A of the Income-tax Act, 1961 to the appellant-company. The Tribunal held that the denial of registration was not justified as the appellant's activities were genuine and its objects were charitable. It emphasized that forming a company to fulfill CSR obligations does not automatically disqualify it from tax exemption under section 12A, citing precedent. The Tribunal found the Commissioner's reasons for denial to be inconsistent with the law and ordered the approval of registration. en-us Fri, 20 Dec 2019 00:00:00 +0530 Wed, 29 Jan 2020 06:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391432 The Tribunal allowed the appeal, directing the Commissioner of Income-tax (Exemptions) to grant registration under section 12A of the Income-tax Act, 1961 to the appellant-company. The Tribunal held that the denial of registration was not justified as the appellant's activities were genuine and its objects were charitable. It emphasized that forming a company to fulfill CSR obligations does not automatically disqualify it from tax exemption under section 12A, citing precedent. The Tribunal found the Commissioner's reasons for denial to be inconsistent with the law and ordered the approval of registration. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391432