2022 (1) TMI 883

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....he captioned appeal has been filed at the instance of the assessee trust seeking to challenge the order passed u/s. 12AA(1)(b) r.w.s. 12A of the Income Tax Act, 1961 dated 25.03.21 passed against the order of the Commissioner of Income Tax (Exemption), New Delhi ('CIT(E)' in short). 2. When the matter was called for hearing the Ld. Counsel for the assessee submitted that CIT(E) misdirecte....

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.... of educating, regulating and monitoring the discipline of registered valuers. It was submitted that the registration sought under section 12AA could not be denied to the assessee where on similar facts, various other organizations like ICAI registered valuers organization, Indian Institute of Insolvency Professionals of ICAI, ICSI Insolvency Professional agency, Practising Valuers Association of ....

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....gned order under section 12AA of the Act, it appears that the assessee has failed to respond to the requirements of the CIT(E) to enable him to appreciate the relevant facts for the purposes of registration. However, in the same vain, we simultaneously notice that the assessee has filed certain replies IN DAK before the CIT(E). On a reading of the impugned order, it appears that the CIT(E) has tak....