12A Registration Cannot Be Rejected Solely for Wrong Clause Selection in Form 10AB: ITAT Nagpur

Vandaniya Laxmibai Kelkar Smruti Pratishthan Vs ITO (ITAT Nagpur) The appeals before the Income Tax Appellate Tribunal arose from orders dated 05/08/2024 passed by the Commissioner of Income Tax (Exemption), Pune, rejecting the assessee’s application in Form 10AB under section 12A(1)(ac)(iii) of the Income Tax Act, 1961, and cancelling the provisional registration earlier granted on 31/01/2024. The assessee also sought condonation of delay in filing one of the appeals. The Tribunal noted that although the assessee had not filed a duly sworn affidavit, an application explaining the delay was ...