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2013 (12) TMI 475 - AT - Income TaxRejection of application for registration u/s 12AA – The object of the trusts is relief to the poor, education, medical relief, propagation of Christian belief, gospel work without distinction of caste or creed - Held that:- Following Norka Roots [2009 (3) TMI 353 - KERALA HIGH COURT] - Before deciding the entitlement for registration as charitable institution, the Commissioner should verify the source of funds and utilisation of the same - the object of the institution should be ascertained with reference to the source of funds and the application of the same - If in the name of promoting interests of non-resident Keralites, the appellant is engaged in collection of charges from them and making a profit, then certainly it is a profitable organization, no matter that no dividend is declared by virtue of registration granted under section 25 of the Companies Act – The lower authorities have not examined the sources and application of funds - The matter set aside for fresh decision.
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