2014 (10) TMI 705

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....C.S.C. ORDER The appeal by the assessee under Section 260A of the Income Tax Act, 19611 arises from an order of the Income Tax Appellate Tribunal2 dated 30 April 2014. The assessee has formulated and pressed the following question of law: "Whether on the facts and in the circumstances of the case, the ITAT was justified affirming the finding of CIT granting registration u/s 12AA from t....

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....ssessee has shown misstatement of facts in his return of income for A.Y. 2011-12 by wrongly claiming exemption u/s 11 and 12 as the application u/s 12AA was applied on 21.09.2011 showing surplus of Rs. 42,94,077/- but no tax has been paid, no information on Form 10 has been filed. 4. On examination of accounts, it is noticed that cash has been received from various persons contravening section ....

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....e Tax dated 26 March 2012, a supplementary deed of trust was executed on 20 April 2013 inter alia for the purpose of inducting three additional trustees. The order of the Chief Commissioner was carried in appeal to the Tribunal. The Tribunal in its order dated 08 May 2013 noted the submission of the assessee that there were certain clauses of the trust deed which required changes and that the trus....

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.... are required to put on record after verification of the clause of trust deed along with other details filed by the assessee. We, therefore, think it appropriate to send back this matter to the file of CIT with the direction to decide the issue afresh in accordance with law after providing reasonable opportunity of hearing to the assessee." After the order of the Tribunal, the Commissioner of I....