Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (1) TMI 775 - ITAT HYDERABADLegality of registration u/s 12AA - grant of approval under S. 80G(5) - Held that:- the assessee is engaged in the advancement of educational activities and support in the field of project management and undertakes training facilities as part of its charitable activities - registration can be cancelled u/s 12AA(3), if at any stage, it is found that the activities of the applicant institution are not genuine or are not being carried out in accordance with the objects of the Trust - there is no mention about violation of these two conditions - There is no evidence on record to consider that the assessee's activities are commercial in nature The activities to provide a platform to exchange knowledge, information and expertise and bringing together the industrial practices and to promote and professionalise the project management through conducting seminars, workshops, etc. could not be said to be inconsistent with the objects of the trust and therefore, registration granted to the assessee could not be withdrawn u/s12AA(3) - AO is free to examine whether the assessee is fulfilling the conditions of sec 11 and 12 of the Act in the assessment proceedings - Decided in favor of assessee
|