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2004 (1) TMI 56 - HC - Income TaxCharitable trust - Application granting exemption under section 80G - Renewal of registration u/s 12A - authorities have noticed that the application was defective inasmuch as detailed information was not furnished - trust has committed a fraud furnishing the Department an audit report without actually getting the accounts audited - assessee has not indicated the purpose for which the corpus donation was given by the alleged donors - fund is being used to make substantial advances to some other persons - there is diversion of fund - authority has rightly rejected the renewal application.
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