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2014 (4) TMI 1046 - ITAT CHENNAIRefusal of registration under section 12AA - Held that:- The reasons for which registration under section 12A was refused appear to be not good reasons. At the time of registration, one has to look into the objects of the trust which the Commissioner of Income-tax has completely omitted to do so. The reasons given by the Commissioner of Income-tax are only apprehensions that the assessee is not carrying out any charitable activities and he was of the view that it is premature to register the trust. - commencement of activity is not a precondition for grant of registration under section 12AA of the Act, once the objects of the trust and genuineness of the activities of the trust are not questioned. In any event, the Commissioner of Income-tax has not examined the objects for which trust has been formed and whether objects are genuine and the activities of the trust are charitable or not. In the circumstances, we are of the view that this matter has to be re-examined by the Commissioner of Income-tax-I, Coimbatore afresh. Therefore, we remand the matter back to the file of the Commissioner of Income-tax - Matter remanded back - Decided in favour of assessee.
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