2012 (11) TMI 1277

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...., Junior Standing Counsel ORDER Abraham P. George, In this appeal filed by the assessee, its grievance is that it was denied registration sought under Section 12AA of Income-tax Act, 1961 (in short 'the Act'). 2. Facts apropos are that assessee, a Trust constituted by a deed dated 25.2.2008, had filed an application for registration under Section 12AA in Form No.10A. DIT(E) while p....

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....r of DIT(E). 5. We have perused the order of DIT and heard the rival submissions. Section 11(1)(a) of the Act, dealing 'income of property held for charitable or religious purpose', is reproduced hereunder:- "11 (1) Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt of the income - (a)....