Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 869 - AT - Income TaxRejection of application u/s 12AA – Dissolution clause not included in Trust deed - Held that:- The scope of enquiry contemplated u/s 12AA of the Act thus is limited to the extent of Commissioner getting himself satisfied about object of the Trust and the genuineness of its activities so as to grant or refuse the registration u/s 12A of the Act – DIT(E) has not recorded any adverse comment or dis-satisfaction about the object of the Trust or genuineness of the Trust activities – refusal to grant the registration u/s 12A of the Act was on the ground that its Trust Deed does not contain “dissolution clause”- DIT (Exemptions) has clearly gone beyond the scope of enquiry contemplated u/s 12A of the Act and has refused to grant the registration u/s 12A of the Act to the assessee Trust on a totally irrelevant ground without pointing out as to how he was not satisfied either about the object of the Trust or the genuineness of its activities – order of the DIT(E) set aside – Decided in favour of Assessee.
|