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2012 (10) TMI 1043 - AT - Income TaxNecessary conditions for registration u/s 12A - Running of hospital - charitable purpose - massive contribution from individuals/entities - Held that:- Mere earning of surplus income in carrying out charitable activities would not render the activities of the society, non-charitable - while considering granting of registration u/s 12AA CIT should satisfy himself only about genuineness of activities of the trust, in accordance with objects and not about credential, capacity and qualification - assessee society has fulfilled statutory conditions for grant of registration, as the society is carrying out its activities, in pursuance of its objects To provide something more for nothing or for less than it costs or less than its ordinary value, is not contemplated under the definition of ‘charitable purpose’ as provided u/s 2(15) of the Act. - Decided in favor of assessee
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