M/S. MAHASAKTI FOUNDATION,KALAHANDI vs. ACIT, SAMBALPUR
In the result, the appeals filed by the assessee are allowed
ITA 134/CTK/2015[2007-08]Status: DisposedITAT Cuttack06 Jun 2017AY 2007-08
Bench: S/Shri N.S Saini & Pavan Kumar Gadale
For Appellant: Shri P.K.Mishra, ARFor Respondent: Shri Kunal Singh, CIT DR
Section 11Section 12ASection 147Section 194ASection 201(1)Section 40
condonation of delay in seeking registration was not available.
This clearly goes to prove that the first proviso to section 12A(2) was brought in the statute only as a retrospective effect with a view not to affect genuine charitable trusts and societies carrying on genuine charitable objects in the earlier years and substantive conditions stipulated in section
