2021 (8) TMI 862

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....10A for registration u/s. 12A. 3. That the ld. Commissioner of Income Tax (Exemptions), Chandigarh has erred in law and on facts in holding that the assessee does not fulfill the conditions laid down for registration u/s. 12A. 4. That the ld. Commissioner of Income Tax (Exemptions), Chandigarh has erred in law and on facts in rejecting the assessee's application on the ground that since the assessee was claiming exemption from Income Tax u/s. 10(23C)(3)(iii)(ad) hence it had no locus standi to claim registration u/s. 12A. 5. That the order is bad in law and on facts. 6. That the appellant craves leave to add or amend the grounds of appeal before the appeal is heard and disposed off." 2. The assessee society has submitted an app....

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....at on crossing the threshold of Rs. 1 Crore the Act calls for compulsory registration u/s. 12AA is not tenable. The application for registration u/s. 12AA of the Act, with the present state of affairs, is accordingly rejected. 4. The ld. Counsel Sh. Rohit Kapur, submitted that the ld. Commissioner of Income Tax (Exemptions), Chandigarh has erred in law and on facts in rejecting assessee's application filed in Form no. 10A for registration u/s. 12AA by holding that the assessee does not fulfill the conditions laid down for registration u/s. 12A and that since the assessee was claiming exemption from Income Tax u/s. 10(23C)(3)(iii)(ad) hence it had no locus standi to claim registration u/s. 12A. 5. Having heard both the sides and perusi....