NATIONAL PAYMENTS CORPORATION OF INDIA,MUMBAI vs. CIT(EXEMPTIONS), MUMBAI
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Income Tax Appellate Tribunal, MUMBAI BENCH “B” MUMBAI
Before: SMT BEENA PILLAI & SMT RATNA DASGUPTA
PER RATNA DASGPUTA, AM The captioned appeal is filed by the assessee against rejection by the Ld. Commissioner of Income-tax (Exemption) – in short, CIT(E) – of the assessee's application in Form 10AB under section National Payments Corporation of India 2 12A(1)(ac)(ii) of the Income-tax Act, 1961 – in short, "the Act" – seeking renewal of registration under section 12AB of the Act.
The grounds of appeal are as follows;– The learned Commissioner of Income tax (Exemptions), Mumbai, erred in not renew
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