{"id":41658,"date":"2024-04-26T10:03:24","date_gmt":"2024-04-26T04:33:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/keeday-makauday-foundation-v-cit-e2023-200-itd-39jaipurtrib\/"},"modified":"2024-04-26T10:03:24","modified_gmt":"2024-04-26T04:33:24","slug":"keeday-makauday-foundation-v-cit-e2023-200-itd-39jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/keeday-makauday-foundation-v-cit-e2023-200-itd-39jaipurtrib\/","title":{"rendered":"Keeday Makauday Foundation v. CIT (E)(2023) 200 ITD 39(Jaipur)(Trib)"},"content":{"rendered":"<p>Assessee, a company registered under section 8 of Companies Act, 2013, applied for registration under section 12AB of the Act. Commissioner rejected the application only on the ground that only part details were submitted. On appeal the Tribunal held that \u00a0since assessee replied all issues raised by Commissioner and activities undertaken by it were interconnected with objects mentioned in memorandum of association which were not of profit motive, Commissioner was not justified in denying registration to assessee.(AY. 2022-23)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 12AB: Procedure for fresh registration-Company registered under Companies Act \u2013 Objects are not profit motive \u2013 Denial of exemption is not justified.  [S. 12A, Companies Act, 2013, S. 8(1)] <\/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-41658","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aPU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41658","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=41658"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41658\/revisions"}],"predecessor-version":[{"id":41659,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41658\/revisions\/41659"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}