Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (8) TMI 795 - AT - Income TaxApplication for registration filed u/s 12A – rejection on ground of non-charitable purposes – assessee-institution formed with primary object of setting-up suitable memorials to perpetuate the memory of National War heroes – Held that:- The Finance No. 2 Act, 2009 with retrospective effect from 1.4.2009 had inserted 'the preservation of environment or preservation of monuments or places of objects of artistic or historic interest' as part of the definition of 'charitable purpose' within the meaning of section 2(15). Admittedly, assessee is desirous of constructing monuments in the memory of war heroes and once such monument is constructed, the preservation of the said monument would be charitable purpose entitling the assessee to fall within the amended definition enshrined in section 2(15). The assessee has not constructed any such war memorials till date. However, perusal of other objects of assessee like setting up educational institutions, arranging seminars, and further to inculcate moral, spiritual, physical and patriotic spirit in the public in general, reflect the nature of advancement of other objects of general public utility. Consequently, the assessee is entitled to the benefit of registration u/s 12AA – Decided in favor of assessee
|