Allahabad HC sets-aside
ITAT order, grants registration u/s. 12AA to assessee-society with effect from
April, 2004 (date of filing fresh application) and not from the date of
original application u/s. 12AA in April, 2000; Assessee-society had
originally filed the application for registration u/s. 12AA in November, 2000,
which was rejected and upon filing of representation before CIT in September,
2004 against such rejection, assessee’s application was allowed, whereby
registration was granted w.e.f. April, 2004 and not from 2000; ITAT
however had allowed assessee's plea to grant the registration from the year
2000, which is rejected by the High Court; HC holds that the date of filing the
original application for registration has no relevance when the said
application was rejected, and the subsequent application/representation moved
in September, 2004 should be treated as a fresh application and accordingly the
registration of the society u/s. 12AA would be operative from April, 2004;
Further, HC notes that CIT, without recalling or setting aside its earlier
order, had unequivocally granted registration from 2004 onwards:HC
Subscribe to:
Post Comments (Atom)
Taxation of Intangible assets acquired through business restructuring.
1. Background 1.1 When a company aims to acquire another company's business through amalgamation or demerger, assets or ...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
· Mumbai ITAT in the case of Mukesh Harilal Mehta held that Exemption U/S 54 cannot be denied merely due to mistake by the developer.
-
Earlier this year, the Mauritius Government approved the amendment to the India – Mauritius tax treaty, aligning it with the proposal of th...
-
This Tax Alert summarizes a recent instruction issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
This Tax Alert summarizes a recent judgement of the Delhi High Court (HC) [1] dealing with the issue of denial of input tax credit (ITC) ...
-
Introduction The law relating to companies is laid down in Companies Act, 2013 and the rules made thereunder and t...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
No comments:
Post a Comment