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2011 (9) TMI 590 - HC - Income TaxLegality of Trust - Commissioner held trust being created to get away from clutches of Urban Land Ceiling Act Though in the deed of trust it is mentioned that trust created for educational purpose, exemption denied - Held That:- once it is admitted that in pursuance of the trust deed and in terms of the objects set out therein, schools and colleges are being run and educational institutions are being run as rightly held by the Tribunal, nothing more requires to be established to show that the trust in question is a genuine trust and therefore, the assessee is entitled to the registration under Section 12AA of the Act.
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