Bar Council eligible for Registration u/s 12AA & Exemption u/s 80G

Bar Council of Delhi Vs CIT (Exemption) (ITAT Delhi) The issue under consideration is whether the CIT is correct in rejecting the application filed by Bar Council of Delhi seeking registration u/s 12A(a) of the Income Tax Act? In the present case, the application in Form No.10A and 10G moved by the appellant seeking registration under section 12AA of the Income-tax Act, 1961 were rejected by the ld. CIT (E) on the grounds that since the appellant has failed to furnish balance sheet and income & expenditure account the conditions laid down u/s 12AA are not satisfied and that the name of the...