While granting registration u/s 12AA Commissioner not expected to see other provisions of the Income Tax Act, 1961

CASE LAWS DETAILS DECIDED BY: ITAT, PUNE BENCH `A’, PUNE. IN THE CASE OF: Maharashtra Academy of Engineering and Educational Research Vs. CIT, APPEAL NO: ITA No. 1669/PN/2007, DECIDED ON: September 8, 2009 RELEVANT PARAGRAPH In the recent past the question of interpretation of newly inserted section 12AA( with effect from 01/04/1997) has always been perennial teaser not only to the trust or institutions but also to the Revenue Department as also faced by the judiciary. To get the answer we have heard both the sides at length, carefully perused the impugned order and also several correspo...