https://www.taxtmi.com/caselaws?id=760257 ITAT Ahmedabad allowed the appeal, setting aside CIT(E)'s order rejecting registration under Section 12A(1)(ac)(iii) and cancelling provisional registration under Section 12AB. The tribunal held that CIT(E) prematurely invoked Section 13(1)(c) provisions without properly considering the assessee's charitable objects. Following judicial precedents, particularly Gujarat HC's ruling in Bayath Kutchhi Dasha Oswal Jain Mahajan Trust case, the tribunal established that Section 13 provisions should only be examined during assessment, not at registration stage. The matter was remanded to CIT(E) for fresh consideration, directing evaluation based solely on charitable nature of objects without invoking Section 13(1)(c) or 13(3) provisions. en-us Thu, 03 Oct 2024 00:00:00 +0530 Thu, 17 Oct 2024 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760257 ITAT Ahmedabad allowed the appeal, setting aside CIT(E)'s order rejecting registration under Section 12A(1)(ac)(iii) and cancelling provisional registration under Section 12AB. The tribunal held that CIT(E) prematurely invoked Section 13(1)(c) provisions without properly considering the assessee's charitable objects. Following judicial precedents, particularly Gujarat HC's ruling in Bayath Kutchhi Dasha Oswal Jain Mahajan Trust case, the tribunal established that Section 13 provisions should only be examined during assessment, not at registration stage. The matter was remanded to CIT(E) for fresh consideration, directing evaluation based solely on charitable nature of objects without invoking Section 13(1)(c) or 13(3) provisions. Case-Laws Income Tax Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760257