2024 (7) TMI 643

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.... registration u/s 12AA of the Act. The assessee has raised following grounds of appeal: "1. That based on the facts and in the circumstances of the case and in law, the learned CIT (E), has erroneously rejected the registration application made by the appellant company u/s 12A of Income tax Act, on July 19 2018. 2. That The CIT(E) has erred in holding that the below objects of the appellant company do not fall under the term 'charitable' as envisaged in section 2(15) of the Act. a. To open, found, establish, run, maintain institutions, lecture hall and other establishments for advancement of spiritual education and of knowledge in Vedic arts, Vedic science, Vedic literature humanities and all other useful ....

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....e general public. 6. That the learned CIT(E) has erred in holding that the decisions cited by the appellant company in it's registration application refer to the registration process where objects are more relevant than the genuineness of activities at the initial stage. 7. The learned CIT(E) has wrongfully safely concluded that the applicant company would not enure to benefit for the general public whereas all the objects of the Memorandum of Association of the appellant company, direct the company to carry out it's objects for the benefit of general public and society as the only motive, specifically object number 13, which states "None of the objects would be carried out on commercial basis and all the activitie....

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....fore this Tribunal. 3. No one appeared on behalf of the assessee at the hearing despite issue of notice for hearing. From the perusal of record it is revealed that there is no representation on behalf the assessee since 02.05.2022. Notices of hearing sent to the assessee through registered post have been returned with postal remarks "no such person at given address". No new address, if any, has been furnished by the assessee. Under these circumstances we proceed to dispose of the appeal, ex parte, qua the assessee after hearing learned DR and perusing the material available on record. 4. Learned CIT(DR) relied on the order of learned CIT(Exemptions), denying registration u/s 12AA of the Act. 5. After hearing learned DR and perusing....