Allowing the appeal of the Revenue the Court held that the\u00a0 mere grant of registration under section\u00a012AA\u00a0would not entitle the assessee to claim exemption under sections\u00a011\u00a0and\u00a012\u00a0of the Act without fulfilling the other prerequisite conditions stipulated therein. According to the provisions of sections\u00a011,\u00a012,\u00a012AA\u00a0and\u00a013\u00a0and in the light of judicial precedents the grant of registration under section\u00a012AA\u00a0could not ipso facto give the assessee exemption under sections\u00a011\u00a0and\u00a012. An independent examination by applying the relevant provisions of law was required by the authorities regarding the satisfaction of other conditions by the assessee for grant of exemption. The matter remanded to the Assessing Officer. Relied on \u00a0CIT v. Red Rose School\u00a0(2007) 212 CTR (All)(HC). (AY. 2003-04 to 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 11 : Property held for charitable purposes-Registration-Does not ipso facto entitle to exemption-Other conditions to be satisfied-Matter remanded to the Assessing Officer. [S. 12, 12A, 12AA, 13] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38834","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a6m","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38834"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38834\/revisions"}],"predecessor-version":[{"id":38835,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38834\/revisions\/38835"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}