Section 12A registration cannot be denied for receipt of fund From Foreign Entity

Share India Vs CIT (ITAT Hyderabad) A careful examination of clause (1)(b)(ii) of section 12AA, cited above, clearly indicates that the Ld. CIT(E) shall refuse registration only if he is not satisfied about the objects and the genuineness of the activities of the institution. A perusal of the order passed by the Ld. CIT(E) demonstrates that the Ld. CIT(E) has refused registration on the premise of four points, discussed earlier, but none of those points taken into account by Ld. CIT(A) indicates that there could be any dis-satisfaction with respect to the object or activities of the assessee. ...