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2012 (8) TMI 524 - AT - Income TaxExemption u/s 11 - charitable Trust established with the objects for providing relief to the poor, promotion of vegetarianism, distribution of Prasad, and advancement of any other objective in furtherance of ethical and philosophical principles of Krishna Consciousness - denial on ground that entire character and focus of assessee has become totally commercial and there is generation of huge profits year after year a part of which is diverted to the related concern - Held that:- Preparation of vegetarian food items and selling the same was mainly for popularising the vegetarian food habits and in this way the assessee is engaged in promoting the vegetarianism among the people so that they can change their living habits and take the necessary steps for the betterment of humanity, which is undoubtedly a charitable object of the assessee. Deduction u/s 80G - denial - Held that:- The major portion of the income received by the assessee was donated to ISKCON which is a Public Charitable Trust of worldwide recognition and reputation and any donation from one charitable trust to another charitable trust constitute application of income for the charitable purposes - Decided in favor of assessee.
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