Registration U/s. 12AA & sanction u/s 80G(5)(vi) cannot be declined for non-allowability of exemption claimed by the Assessee

Shiv Public School Managing Committee Vs. CIT (Exemptions) (ITAT Delhi) 1. Briefly stated the facts necessary for adjudication of the controversy at hand are : the application moved by the assessee society for registration under section 12AA of the Income-tax Act, 1961 and for according sanction u/s 80G(5)(vi) of the Act have been rejected by the ld. CIT (Exemptions) on the grounds inter alia that gross receipts in all the five years are far in excess of Rs. 1 crore and the assessee society has wrongly claimed exemption u/s 10(23C)(iiiad) of the Act; that assessee society have been charging f...