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2011 (6) TMI 333 - AT - Income TaxRenewal of Exemption under section 80G - denial of exemption as the receipts of the assessee-society are in the nature of trade/commerce/business which were evidenced from the accounts statement submitted before him - Held that:- It is seen that none of the conditions mentioned in the circular No. 11/08, dated 19-12-2008 issued by CBDT hit the case of the assessee for recognition under section 80G(5) r.w.s 2(15) of the Act - Obviously, these are inclusive and not exhaustive - Consequently, when the objects of the society are not found to be not charitable in nature and the Society continues to be registered under section 12AA of the Act and the reasonings given by the DIT(E) to deny renewal of approval under section 80G being not sufficient and plausible - Decided in favour of assessee.
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