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2014 (10) TMI 222 - HC - Income TaxGrant of registration u/s 12A – Any activity not commenced even after one year of existence of Trust – Held that:- The Tribunal had rightly followed the decision in Director of Income-tax (Exemptions) Versus Meenakshi Amma Endowment Trust [2010 (11) TMI 853 - KARNATAKA HIGH COURT] - CIT had rejected the registration of the Trust at the threshold - The reasons given by the Original Authority are not in consonance with the provisions of the Income Tax Act - when there is an ample power under the law to rectify the error by cancelling the registration of the trust if there is any breach of the objects of the Trust, the Tribunal is right in setting aside the order of the CIT – Decided against revenue.
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