2025 (6) TMI 399

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....Bansal (CIT) - Ld. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER 1. Aggrieved by rejection of an application seeking registration u/s 12AB vide impugned order dated 24-04-2024 as passed by learned Commissioner of Income Tax (Exemptions), Chandigarh [CIT(E)], the assessee is in further appeal before us. 2. The Ld. AR advanced arguments and relied on various documents as placed on rec....

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.....96% and 37.10% respectively. The assessee quoted 'medical relief' as its sole objects. However, the main function of the assessee was to act as a regulatory body and registration of pharmacists. Though the assessee was performing statutory functions and it could be said to be existing for charitable purpose u/s 2(15), it was merely regulating the profession and practice of pharmacy for which it w....

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....rplus out of its statutory function, it could not be said that it is carrying out commercial activities. It is working well within the framework of statutory legislation only. The Hon'ble Apex Court in its landmark decision titled as CIT vs. Ahmedabad Urban Development Authority (CA No.21762 of 2017 dated 19-10-2022) has made fine distinction in respect of statutory authorities, bodies etc. which ....