HC Grants Section 12AA Registration to Society promoting tech incubators & start-ups

CIT (Exemption) Vs AIC@36INCE (Chhattisgarh High Court) Chhattisgarh High Court recently adjudicated a tax appeal under Section 260A of the Income Tax Act, 1961, involving the rejection of a Section 12AA registration application filed by a society promoting technology business incubators and start-ups in Chhattisgarh. The central issue revolved around whether the activities of the society qualified as charitable under Section 2(15) of the Income Tax Act, particularly considering the argument that the society’s operations were more aligned with trade, commerce, or business, which would disqua...