2014 (1) TMI 1917

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the Respondent : Shri Manoj Kumar Gupta, CIT, D.R. ORDER PER A. K. GARODIA, A.M. This is assessee's appeal directed against the order passed by learned CIT-I, Lucknow u/s 12A of the I.T. Act dated 29/05/2012. 2. The assessee has raised as many as 9 grounds but the only grievance of the assessee is regarding cancellation of the registration granted to the assessee u/s 12A by passing th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., the same may be disallowed but the registration cannot be cancelled. He also drawn our attention to CBDT Circular No. 11 of 2008 dated 19/12/2008, the contents of which are available on pages 12 to 14 of the paper book. He submitted that as per this Circular also, the exemption available u/s 11 can be disallowed because of this amendment to section 2(15) but there is no reference in the circular....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....accordance with the objects of the trust or institution, as the case may be, he shall pass an order in writing cancelling the registration of such trust or institution." 5.1 From the above provisions, we find that if the CIT is satisfied that the activities of such trust or institution are not genuine or are not being carried out in accordance with the objects of the trust or institution, as th....