Registration u/s. 12A r.w.s. 12AB cannot be denied for procedural lapse

Arham Foundation Vs CIT (ITAT Pune) ITAT Pune held that application for registration u/s. 12A r.w.s 12AB of the Income Tax Act cannot be denied for non-obtaining of prior permission of Charity Commissioner for loans since the same is procedural lapse. Accordingly, order of CIT(E) set aside and registration u/s. 12A r.w.s. 12AB granted. Facts- The Assessee filed application in Form No.10AB for registration u/s.12A of the Act, on 07.11.2024 before Commissioner of Income Tax(Exemption). CIT(E) issued notices to the Assessee. CIT(E) after considering the submission of the Assessee held that since...