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2005 (8) TMI 585 - AT - Income TaxCharitable or religious trust - registration u/s 12AA - Activity of letting out the choultry is "charitable activity or commercial activity" - HELD THAT:- We have carefully considered the relevant facts and the agreements advanced. Though various objects are stated in the trust deed, yet the assessee has not done anything in furtherance of such objects. All the activities so far have been only towards construction of a choultry. As per the finding of learned DIT (Exemptions), the choultry is let out on hire on commercial basis. The hiring of choultry is not for attainment of other objects, but seems to be the main object so far pursued by the appellant. The mere spending of Rs. 2,000 on yoga classes and Rs. 5,000 on feeding poor people out of the total receipt of over Rs. 62 lakhs, do not establish that the assessee is pursuing wholly charitable activities. We accordingly do not find any merit in this appeal. In the result, the appeal is dismissed.
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