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2011 (3) TMI 867 - AT - Income TaxRegistration u/s 12AA - Approval u/s 80G - The Revenue's principal objection is that the activities of the Trust, which are limited to running a School, is being run on commercial lines, so that there is no question of it being charitable - Trust is created with a paltry sum of rupees one thousand - Besides, it would also depend, to a large extent, on the quantum of funds involved. In the instant case, as it would be thus seen, the applicant has raised substantial loans on commercial basis - The same, improbable even for a business set-up, being granted only in case of reputed organizations, is inconceivable for a non-business, charitable organization, and a nascent one at that - It has also nowhere contended of having charged less from the students, i.e., vis-a-vis the normative fee charged by other public schools or that prescribed by the regulatory authorities - the information having apparently not been called for by the competent authority, though it may be relevant to state that the onus to prove its case, i.e., the genuineness of its activities, is only on the applicant - Decided against the assessee
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