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2016 (12) TMI 357 - RAJASTHAN HIGH COURTRegistration granted to the society u/s 12A(a) cancelled - whether Tribunal is justified in holding that the object and purpose of assessee Samiti are charitable falling u/s.2 (15) and further directing the CIT to allow registration u/s.12A ?- Held that:- On perusal of the material on record, we find that the assessee has utilized the surplus funds in acquiring the capital/fixed assets for the school and for making the fixed deposits in the bank and income arising from the said fixed deposits has been included in the receipts in each year for utilizing the same for incurring the expenditure for the society/school and /or for acquiring the capital/ fixed assets. As regards providing of fee educational material and books, financial aid, hostel and medical aid to the poor students, the assessee has submitted the explanation at page 4 of ld. CIT order that 50% fees exemption has been granted to few students. Therefore, in the circumstances and facts of the case, the assessee society is running its activity for the purposes for which it was registered. The objections raised are without any basis and material on record and therefore, the registration cancelled by him is not justified - Decided in favour of assessee
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