S. 12AA Deemed registration effective after 6 month from application

Brief of the Case Supreme Court held In the case of CIT vs. Society for the Promn. Of Edn that it is clear that the registration of the application under Section 12AA of the Income Tax Act in the case of the assessee shall take effect from 24.08.2003 i.e. post 6 months from the date of application for registration. This is the only logical sense in which the Judgment of high court could be understood. Facts of the Case The short issue is with regard to the deemed registration of an application under Section 12AA. The High Court has taken the view that once an application is made under the sai...