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2019 (1) TMI 301 - BOMBAY HIGH COURTExemption u/s 11 - charitable activity - Assessee failed to intimate the changes made in object clause to CIT(Exemptions), as per the undertaking given in form no.10A - Held that:- The assessee Trust was granted registration under Section 12A of the Act on the basis of the objects of the Trust recorded in the original Trust deed dated 19.03.1969. The principal objects of the Trust were education of students for which purpose the Trust grants fees, scholarship, prizes, books and loans without interest. Another object of the Trust was providing medical facilities and helping the poor. The amendments of the Trust added additional object of rural development including the programme of promoting socioeconomic welfare or upliftment of the public in rural areas. CIT(Appeals) and the Tribunal examined the original objects of the Trust and the changes brought about by successive amendments. The conclusions of the CIT(A) and the Tribunal were that the original objects of the Trust were not altered or even diluted. The additional objects were also in the nature of charitable activities. The foundational characteristics of the Trust, therefore, did not under go any change. Tribunal has not committed any error in dismissing the Revenue's appeal.
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