2011 (9) TMI 76

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....Assessee is an Association of Commerce Teachers which is registered as a Society under the Societies Registration Act, 1860. The Assessee claimed itself to be a Welfare Society whose objects are of charitable nature. As per the Memorandum of Association it has 54 objects. The Society applied for grant of registration under Section 12AA of the Income Tax Act, 1961. 2. The Director of Income Tax(....

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....nal holding that there was no purpose to impose such a condition. It is inter alia recorded by the Tribunal that there is no dispute that otherwise Respondent-Assessee fulfills all the relevant conditions for claim of registration under Section 12AA of the Act. Section 12AA of the Act nowhere provides that the Director of Income Tax(Exemption) would grant registration subject to imposition of stip....