Court Orders CIT(E) to Grant Section 12AA Registration from May 23, 2019; No Retrospective Registration Allowed.

Court Orders CIT(E) to Grant Section 12AA Registration from May 23, 2019; No Retrospective Registration Allowed. https://www.taxtmi.com/highlights?id=55751 Exemption u/s 11 - denying the grant of registration u/s 12AA - There is no material brought on record by CIT (E) which suggests that genuineness of activities are in doubt. - CIT(E) directed to grant the registration from the date of the application i.e., 23.05.2019. - However, CIT(E) is not empowered to grant the registration with retrospective effect, there are no provisions providing exceptions to the sub-section (2) of Sec.12A under the statute. - AT en-us Fri, 04 Dec 2020 08:04:44 +0530 Fri, 04 Dec 2020 08:04:44 +0530 TaxTMI RSS Generator Court Orders CIT(E) to Grant Section 12AA Registration from May 23, 2019; No Retrospective Registration Allowed. https://www.taxtmi.com/highlights?id=55751 Exemption u/s 11 - denying the grant of registration u/s 12AA - There is no material brought on record by CIT (E) which suggests that genuineness of activities are in doubt. - CIT(E) directed to grant the registration from the date of the application i.e., 23.05.2019. - However, CIT(E) is not empowered to grant the registration with retrospective effect, there are no provisions providing exceptions to the sub-section (2) of Sec.12A under the statute. - AT Highlights Income Tax Fri, 04 Dec 2020 08:04:44 +0530 https://www.taxtmi.com/highlights?id=55751