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2012 (5) TMI 252 - AT - Income TaxCharitable Purpose - Section 2(15) Registration granted earlier u/s 12A has been cancelled - The appellant is a company formed and registered on 14th January, 1999 under section 25 of the companies Act, 1956 - On examination of accounts of the assessee, the ld. DIT(E) had taken a view that the assessee has been doing professional activities specially in accounting areas - held that:- the DIT, without examining the concept of business, has wrongly held that the institute was carrying on business as coaching and programmes were held by them and a fee was being charged for the same - assessee foundation is established for charitable purposes having regard to the objects of the foundation and its importance throughout India or throughout any State or States - Decided in favor of the assessee
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