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2014 (7) TMI 772 - AT - Income TaxCancellation of registration u/s 12AA(3) – Activities of Trust as per object or not - Whether the activities of the trust are genuine or not and whether the activities are being carried out in accordance with the objects - Held that:- None of the objections and the grounds which have been taken by the DIT(E) in the order for cancelling the registration can be held to be sustainable, so as to hold that the activities of the trust are either not genuine or they are not being carried out in accordance with the objects within the scope of section 12AA(3) - nothing has been brought on record to show that the application of the income of the trust from year-to-year has not been made towards attainment of the objects i.e., for the charitable purposes - If no discrepancy has been found in the income and expenditure account and there is a proper application of income towards the objects in accordance with the provisions of section 11, then neither the charitable nature of the trust should be doubted nor it can be held that its activities are not genuine or are not in accordance with the objects for which registration was granted – order of DIT(E) is set aside and the registration granted to the assessee cannot be cancelled u/s 12AA(3) on the ground stated by the learned DIT(E) in the order – Decided in favour of Assessee.
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