Scrutiny Valid Despite Section 12A Rejection; Merits Restored Pending Registration Outcome

Tarachand Gupta Foundation Vs ITO (ITAT Pune)

The ITAT, Pune Bench held that selection of case for compulsory scrutiny was valid, since at the time of selection the assessee’s regular registration u/s 12A stood rejected by the CIT(E). The CBDT parameters expressly permit compulsory scrutiny where exemption is claimed without subsisting registration; henc

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