Charity from loan taken is Not a valid reason for denying sec 12AA registration

CA Prarthana Jalan

Hon’ble Agra ITAT while deciding a issue of 12AA registration has held We find that learned  Commissioner has rejected the application for registration under Section 12AA of the Act on the basis of sweeping generalization having doubts on the activities of the assessee applicant. In our considered view at the stage of granting registration under Section 12AA of the Act all that is required to be seen is wheth

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