Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (5) TMI 548 - AT - Income TaxRegistration under section 12A of the Income-tax Act - applicant trust was registered under section 25 of the Companies Act - trust is to promote commerce, art and science for serving the unserved people through facility management service - assessee trust filed its application for registration under section 12A of the IT Act - assessee trust works as agent for the banks and receives remuneration for the services rendered from the banks concerned - activity of the assessee trust, falls within the realm of advancement of objects of general public utility and is hit by the proviso to section 2(15) of the IT Act - assessee trust is carrying on the business in the nature of trade, commerce or business - for this reason denied the benefit of registration under section 12A of the Income-tax Act
|