2019 (11) TMI 605

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.... For The Respondent : Mr. Mukul Gupta, Advocate ORDER AJAY TEWARI, J. (Oral) This appeal has been filed under Section 260-A of the Income Tax Act, 1961 (for short, 'the Act') by the Revenue against the order dated 18.07.2016 passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (for short, 'the Tribunal') in ITA No.76/Asr/2016, vide which it had set aside....

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....on of Rule 11AA is that society should have registration under Section 12AA and be in existence & active. It is also mandated that the society also maintains regular books of accounts of the receipt expenditure as per condition (iv) of sub-section (5) of 80G. 4. Sub-rule (4) of Rule 11AA further lays down that where the Commissionner is satisfied that all conditions laid down in clauses (....

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....ns) into all factors as are required to be considered under Section 12AA and it was only after the assessee had satisfied all the conditions that the application under Section 12AA allowed. It is also not in dispute that the conditions numerated under Section 12AA are in parimeteria with the conditions as enumerated under Section 80G. The Tribunal rightly relied upon CIT Vs. Thangadagi Trust, 3 TM....