ITAT directs CIT(E) to treat application in Form No. 10AB  as filed under clause 12A(1)(ac)(i)

Santiniketan Sishutirtha Vs CIT (Exemptions) (ITAT Kolkata) Introduction: The Kolkata Income Tax Appellate Tribunal (ITAT) recently adjudicated on the registration applications under section 12A(1)(ac)(i) filed by various assesses, notably Santiniketan Sishutirtha, challenging the orders of the Commissioner of Income Tax (Exemptions). The crux of the matter lay in the correct interpretation of Form No. 10AB and its implications. Detailed Analysis: The core contention revolved around the application’s misrepresentation of the relevant clause. The applicants erroneously cited clause (iii) ...