2022 (6) TMI 124

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....autam, CIT (DR) ORDER PER BENCH These are appeals filed by the assessee against the separate orders of the CIT(E), Hyderabad dated 31.10.2019. 2. ITA No.453/CTK/2019 is against denial of registration u/s.12A of the Act and ITA No.454/CTK/2019 is against the denial of recognition u/s.80G of the Act. 3. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri M.K.Gautam, ld CIT DR a....

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...., production of physical books of account and the bills and vouchers are not required for. It was his prayer that the assessee may be granted registration u/s.12A of the Act. 5. It was further submission that the assessee has been denied the recognition u/s.80G again on the ground that books of account and bills and vouchers had not been produced. Audited accounts had been produced before the l....

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....atutory audit report. The assessee has come into existence by Registration under the Companies Act and the assessee has been registered under section 25 of the Companies Act and certificate of incorporation under Companies Act, 2013 is dated 26.8.2016. Thus, for the period prior to the application for registration, the assessee has produced the required statutory audit report as required under sub....

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....ssessee does not preclude the AO from verification of the accounts and compliance thereof under the provisions of sections 11,12 & 13 of the Income tax Act, 1961 in the course of assessment. In these circumstances, the appeal of the assessee in ITA No.453/CTK/2019 stands allowed. 9. Coming to the issue of recognition u/s.80G of the Act, as we have already granted the assessee registration u/s.1....