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| The Tax Publishers2019 TaxPub(DT) 7940 (SC) : (2020) 269 TAXMAN 0466 INCOME TAX ACT, 1961,
Section 261 Section 12A
Where the Department preferred SLP to appeal against the judgment of Punjab & Haryana High Court in CIT v. The Rural Education & Women Welfare Society [ITA No. 422 of 2017, dt. 22-10-2018] : 2018 TaxPub(DT) 7818 (P&H-HC), whereby the High Court held that nothing was brought on record that the assets were meant for any purposes other than avowed aims and objects, which include managing the affairs of school. And be that as it may, the fact remained that observation in this regard failed to carry out the statutory mandate of satisfaction regarding the objects and genuineness of activities of assessee thus, it was, therefore, not detriment to the assessee's claim for registration, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special Leave Petition - Registration under section 12AA - Refusal to grant registration based on application of income by assessee
Department preferred SLP to appeal against the judgment of Punjab & Haryana High Court in CIT v. The Rural Education & Women Welfare Society [ITA No. 422 of 2017, dt. 22-10-2018] : 2018 TaxPub(DT) 7818 (P&H-HC), whereby the High Court held that nothing was brought on record that the assets were meant for any purposes other than avowed aims and objects, which include managing the affairs of school. And be that as it may, the fact remained that observation in this regard failed to carry out the statutory mandate of satisfaction regarding the objects and genuineness of activities of assessee, thus it was, therefore, not detriment to the assessee's claim for registration. Held: The Supreme Court dismissed the SLP.
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