https://www.taxtmi.com/caselaws?id=434661 The appellant's challenge to the rejection of its registration application under section 12AB of the Income Tax Act was dismissed. The Tribunal found that the rejection was based on valid grounds, including the absence of provisional approval in Form 10AC alongside Form 10AB. The Tribunal clarified that provisional approval under section 10(23C) does not equate to registration under section 10(23C) for the purposes of section 11(7). Despite the appellant's ongoing registration under section 12A, the rejection under section 12A(1)(ac)(iv) was considered moot, and the appeal was ultimately dismissed on 27/02/2023. en-us Mon, 27 Feb 2023 00:00:00 +0530 Wed, 01 Mar 2023 08:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434661 The appellant's challenge to the rejection of its registration application under section 12AB of the Income Tax Act was dismissed. The Tribunal found that the rejection was based on valid grounds, including the absence of provisional approval in Form 10AC alongside Form 10AB. The Tribunal clarified that provisional approval under section 10(23C) does not equate to registration under section 10(23C) for the purposes of section 11(7). Despite the appellant's ongoing registration under section 12A, the rejection under section 12A(1)(ac)(iv) was considered moot, and the appeal was ultimately dismissed on 27/02/2023. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434661