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Even if trust receipt exceed Rs.10 lakh AO can deny exemption but cannot cancel its registration
Case Law Details
- Case Name
- Madras Motor Sports Club Vs Director of Income-tax (Exemptions) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Mumbai
IN THE ITAT CHENNAI BENCH ‘B’
Madras Motor Sports Club
Versus
Director of Income-tax (Exemptions)
I T APPEAL NO. 777 (MDS.) OF 2012
[ASSESSMENT YEAR 2009-10]
DECEMBER 21, 2012
ORDER
Abraham P. George, Accountant Member
In this appeal filed by the assessee, its grievance is that DIT(E) cancelled the registration granted to it under Section 12A(a) of Income-tax Act, 1961 (in short ‘the Act’).
2. Facts apropos are that assessee motor sports club, registered as a society, was also having registration under Section 12A(a) of the Act since 1977, with Registration No.C.No.1...
