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2012 (10) TMI 895 - AT - Income TaxDenial of registration u/s.12A of the Act – alleged that the objects of the Assessee are not for the benefit of general public but for specific members – Held that:- Primary purpose for which the assessee was established was to promote commerce and trade in art silk, silk yarn - promotion of commerce and trade in art silk, etc., was an object of public utility not involving the carrying on of any activity for profit within the meaning of s. 2(15) of the Act Holding of conferences abroad would not make the activities of the Assessee being carried out outside India. The benefits of such conference will ultimate go to Assessee and its members. It cannot be said that the activities of the Assessee were carried on outside India - none of the reasons assigned by the DIT for rejecting the claim for registration can be sustained - appeal of the Assessee is allowed
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