2026 (3) TMI 1414

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(CA) - Ld. ARs For the Respondent : Respondent ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aggrieved by rejection of registration application u/s 12A(1)(ac)(iii) vide an order passed on 16-10-2025 by learned Commissioner of Income Tax (Exemptions), Chandigarh [CIT(E)], the assessee is in further appeal before us. Having heard rival submissions and upon perusal of case records, th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he society. The Ld. CIT(E) thus formed an opinion that this transaction was in contradiction to conditions of Sec.13 since Secretary was one of the specified persons as listed u/s 13(3) of the Act. The payment of life insurance premium on behalf of and for the benefit of its secretary was in blatant violation of Sec.13 of the Act. The assessee allegedly gave undue benefit to its members. According....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....by Ld. AO while making an assessment on the assessee. The stated reason i.e., payment of LIC premium on behalf of trustees, alone could not jeopardize the registration claim of the assessee. Pertinently, no other violation has been observed by Ld. CIT(A). Upon perusal of assessee's reply to Ld. CIT(E), it could be seen that the assessee has furnished sufficient document to establish commencement o....