Application of income cannot be examined while granting section 12AA registration

CIT (Exemptions) Vs Mata Parvati Educational & Innovative Society (Delhi High Court) The ITAT has recorded that the Respondent society is engaged in the activity of imparting education by running a school, the Rainbow Kids Valley School, which fact is not in dispute. The Respondent filed an application on 23rd August, 2017 in Form No. 10A seeking registration under Section 12AA of the Act. The Authorised Representative (‘AR’) of the Respondent appeared before the CIT(E) and filed certain documents. The CIT(E) observed that there were cash deposits in the bank account during the Financi...