Case Law Details
Shree Jain Vidya Prasarak Mandal Vs CIT (ITAT Pune)
Introduction: In a recent development, the Income Tax Appellate Tribunal (ITAT) Pune addressed an appeal related to the registration of Shree Jain Vidya Prasarak Mandal under Section 12AB of the Income-tax Act, 1961. The ITAT’s decision granted the trust another opportunity to provide essential evidence in support of their registration application. This article delves into the details of the case, the implications of the decision, and its significance for charitable trusts seeking registration.
Detailed Analysis:
1. Background of the Case: The appeal in question pertains to Shree Jain Vidya Prasarak Mandal’s application for registration under Section 12AB of the Income Tax Act. The registration process under this section is vital for charitable trusts as it allows them to enjoy tax exemptions and deductions, making it easier to carry out their philanthropic activities.
2. Ex-Parte Proceedings: Despite being served with a notice, no representative from the appellant, Shree Jain Vidya Prasarak Mandal, appeared before the ITAT Pune. Additionally, the appellant did not submit any application for adjournment. Consequently, the ITAT proceeded with the case under Rule 24 of the ITAT Rules, 1963, with the assistance of the Learned Departmental Representative (Ld. DR).
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