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2009 (6) TMI 651 - AT - Income TaxRegistration u/s 12A - Jalandhar Development Authority is an authority brought into existence by the order of the Government of Punjab, Department of Housing and Urban Development vide its Notification No. 13/31/2004-1HG2/5370, dt. 16th July, 2007 - According to the assessee, the objects of the society falls under the purview of s. 2(15) of the IT Act, 1961 - The major thrust of the learned counsel for the assessee is that JDA is of general public utility as it satisfies the need for housing accommodation for the selection (section) of the people of State of Punjab and is also doing planning and development of the cities, towns and villages - Even if the assessee is a local authority, it is not entitled for registration under s. 12A of the Act, since it has not fulfilled the required conditions for grant of registration under s. 12A. The assessee is not engaged in the activities as enumerated in s. 2(15) of the Act as we have already observed that main predominant object of assessee is profit making and as such is not entitled for registration under s. 12A of the Act - Decided against the assessee
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