https://www.taxtmi.com/caselaws?id=753717 ITAT Jaipur allowed the appeal for statistical purposes in a case involving rejection of registration under section 12AB. The assessee company, incorporated in March 2021, applied for permanent registration in September 2022 with financial statements showing donations received of Rs 26,97,148 and expenditure of Rs 27,02,718. CIT(E) rejected the application claiming non-compliance with notice and failure to prove genuineness of activities. ITAT found CIT(E)'s reasoning incorrect as financial accounts were properly filed and AO had accepted the expenditure in assessment under section 143(3). Matter remanded to CIT(E) for fresh consideration with proper opportunity of hearing. en-us Mon, 27 May 2024 00:00:00 +0530 Sat, 08 Jun 2024 09:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753717 ITAT Jaipur allowed the appeal for statistical purposes in a case involving rejection of registration under section 12AB. The assessee company, incorporated in March 2021, applied for permanent registration in September 2022 with financial statements showing donations received of Rs 26,97,148 and expenditure of Rs 27,02,718. CIT(E) rejected the application claiming non-compliance with notice and failure to prove genuineness of activities. ITAT found CIT(E)'s reasoning incorrect as financial accounts were properly filed and AO had accepted the expenditure in assessment under section 143(3). Matter remanded to CIT(E) for fresh consideration with proper opportunity of hearing. Case-Laws Income Tax Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753717