Case Law Details
Maharishi Institute of Creative Intelligence Vs CIT (Exemption) (Supreme Court)
Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the High Court of Judicature at Allahabad, Lucknow Bench, Lucknow passed in Income Tax Appeal Defective (ITAD) No.55 of 2016 as well as the subsequent order passed in Review Petition No.17685 of 2017, by which the High Court has allowed the appeal(s) preferred by the Revenue quashing the order passed by the Income Tax Appellate Tribunal (ITAT) and thereafter rejecting the review application preferred by the assessee, the assessee has preferred the present appeals.
The facts leading to the present appeals, in a nutshell, are as under:
The assessee applied for registration under Section 12A of the Income Tax Act, 1961 (for short “the Act”) as per the provisions of law prevailing in the year 1987.
That, thereafter, the assessee continued to be granted the exemption under Section 12A of the Act. It is the case on behalf of the appellant that till 1987 there was no requirement of issuance of any certificate of registration of Section 12A and only filing an application for registration under Section 12A and processing the same by the Department was sufficient. However, in the year 1997 there was an amendment, which required the issuance of the certificate of registration under Section 12A also.
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