A.G.N. BHAKTI SEVA TRUST,TIRUVANNAMALAI vs. CIT, EXEMPTIONS,, CHENNAI

Aggrieved by rejection of an application filed in Form No.10AB seeking registration u/s 12A(1)(ac)(iii) vide impugned order dated 23.04.2024, the assessee is in further appeal before us. Upon perusal of paras-3 & 4 of the impugned order, it could be seen that the application has been rejected in view of the fact that the assessee was not holding requisite Form 10AC and thus, it was not entitled to file the aforesaid application. The assessee did not respond to the hearing notices and accordingly, the application was rejected. Aggrieved, the assessee is in further appeal before us.

The Ld. AR submitted that the assessee, due to advertent error, wrongly selected Clause 12(1)(ac)(iii) instead of 12(1)(ac)(vi). The Ld. AR also submitted that the submissions made by the assessee, in this regard, were not considered by Ld. CIT(E).

Apparently, the application has been rejected due to an inadvertent mistake on the part of the assessee. Accepting the submissions of Ld. AR, we restore the matter of registration back to the file of Ld. CIT(E) with a direction to the assessee to substantiate its registration. The Ld. CIT(A) may examine the application of the assessee under correct clause.