Section 12A Registration Remitted for Clarification on Fulfillment of Conditions

Nisa Foundation Vs CIT (Exemption) (ITAT Ahmedabad) ITAT Ahmedabad held that matter regarding rejection of registration under section 12A of the Income Tax Act remitted back to file of CIT(E) with direction to explain the fulfillment of conditions as stipulated u/s.12A(1)(ac)(vi)-Item B of the Act. Facts- The assessee is a trust and had filed an application in Form 10AB for registration of the trust u/s.12A(1)(ac)(vi)(B) of the Act, which was rejected by the Ld. CIT(E). Further, the assessee had also filed an application for approval of the trust u/s. 80G of the Act, which was also rejected fo...