2026 (7) TMI 887

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ja, Adv. And Sh. Anirudh Mittal, Adv. For the Respondent : Ms. Rakhi Vimal, CIT, DR ORDER PER ANUBHAV SHARMA, JM: This appeal preferred by the Assessee against the order dated 20.01.2026 of the Commissioner of Income-tax, Exemption, Chandigarh (hereinafter referred as 'Prescribed Authority') against the rejection of Form 10AB and consequent cancellation of registration granted under Se....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eived back in part and remaining will be received. Assessee had however, reasserted that it is running CBSE Affiliated Senior Secondary School and imparting education to the public at large and covered under main limb of Section 2(15) of the Income Tax Act, 1961. However, ld. Prescribed authority discussed the issue restricting the reasoning to application of funds being not justified and that the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e of objects and the genuineness of activities which prima facie stand established by the fact that assessee is a society registered since 26.08.2013 under the Haryana Registration and Regulation of Societies Act, 2022 and prior to it was registered since 1991-92 under the old Act and while filing the application copy of which is available at page No. 1-9 of the paper book or copy of by laws of 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 object of the trust and genuineness of the activities were to be examined along with the fact if there was any infringement of any other law for the time being in enforce. The certificate of registration is only an enabling provision to claim exemption and by merely granting registration, income is not exempted. The ld. Tax authorities have sufficient powers to subsequently examine the applicat....