Registration u/s 12AA cannot be denied by invoking provisions of section 2(15)

Issue before tribunal:

The sole issue involved in appeal before tribunal is that whether registration u/s 12 AA can be withdraw by invoking provision of section 2 (15) of the IT Act.

Brief facts:

• Assessee trust was incorporate under Punjab Town Improvement Act, 1922 on 22.09.2005.
• Assessee filed application to seek registration u/s 12 AA which was rejected by CIT (A) but on appeal ITAT held assessee entitled to the benefit of registration. Revenue challenged order

  Please become a Premium member. If you are already a Premium member, login here to access the full content.