2020 (5) TMI 547

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....a, CIT-DR ORDER PER SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER: This appeal is preferred by the Assessee against the order passed u/s 12AA of the Income Tax Act, 1961 (hereinafter called as the 'Act'.) by the Ld. Commissioner of Income Tax (Exemptions), Chandigarh, {CIT (E)} wherein the Ld. CIT(Exemptions) has rejected the assessse's application seeking grant of registration u/s 12AA of the Ac....

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....4,71,867/- i.e., more than Rs. 1 crore. He drew our attention to page 27 of the Paper Book wherein copy of the income expenditure account was placed and pointed out that the gross receipts in this year were only Rs. 94,02,738/- including interest from bank amounting to Rs. 21,438/-. It was also submitted that the Ld. CIT (E) has not doubted that the assessee was running a school but has also concl....

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....t that the assessee society has been running a school and that the society is also having recognition from the Department of Education, Government of Haryana. What has led the Ld. CIT (E) to refuse registration u/s 12AA is his suspicion that cash from undisclosed sources is being introduced in the society in the form of school fees. It has been observed by the Ld. CIT (E) that the school was being....