In the result the 2nd ground raised by the assessee is liable to be allowed
Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena
5. We see no basis for such an apprehension since that is the only logical sense in which the Judgment could be understood. Therefore, in order to disabuse any apprehension, we make it clear that the registration of the application under Section 12AA of the Income Tax Act in the case of the respondent shall take effect from