Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (11) TMI 933 - AT - Income TaxRenewal of Exemption u/s 80G - Charitable institution/Status - reason for declining such request is that the assessee has received income under the head ‘Advertisements and golf tournaments income’ and it has also incurred substantial expenditure on this activity only - HELD THAT:- The certificate granted to the assessee u/s 12A treating it as charitable institution is subsisting and has not been shown to have been withdrawn till date. If it is so, then, renewal of exemption u/s 80G(5) could not be denied to the assessee. Therefore, there are no justification in rejection of the claim of the assessee unless it is shown that the charitable status granted to the assessee by the certificate issued u/s 12A has been withdrawn. The Ld. DIT (E) is directed to grant the renewal to the assessee u/s 80G - appeal filed by the assessee is allowed.
|