Rejection of application for registration u/s. 10(23C) for acts not yet undertaken is not justifiable

G.H.R. Educational Foundation Vs CIT (ITAT Nagpur)

ITAT Nagpur held that rejecting application for registration u/s. 10(23C) of the Income Tax Act for the acts which have not yet been undertaken by the assessee is not justifiable. Such presupposition while evaluating application for registration under section 10(23C) is not proper and cannot be sustained.

Facts- The assessee was incorporated on 18/02/2024 u/s. 8 of the Companies Act with the main object “To convert existing Society “G.H.R. Education Foundation” as going concern u/s

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