Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (11) TMI 470 - AT - Income TaxCharitable purpose u/s 2(15) - Rejection of registration of society u/s 12AA - Promotion and development of games - Assessee is a society with the name ‘Professional Golf Tour of India’ (in short PGTI), which is registered under the Society Registration Act, 1860. The founder-members of this society are professional golfers – Held that:- It is clear from the aims and objects of the society that any person who is in any way attached to or interested in the game of golf can join as its member and can contribute towards the promotion of game – There is nothing on record which suggest that the society is being run on commercial lines. It is not taking any financial aid or grant from any government agency. Therefore, it becomes imperative for it to follow certain rules or commercial expediency in order to keep-going. It is nowhere mentioned that a charitable society has to be poor, illmanaged, financially drenched and always anchoring for financial help. Even in case the society earns from investment, then there is no reason to refuse registration u/s 12AA of the Act – Reliance is placed upon the Hon'ble Madras High Court case of New Life in Christ Evangelistic Association V CIT reported in [1998 (8) TMI 8 - MADRAS High Court], wherein it has been held that at the stage of considering application for registration u/s 12AA, it is not necessary to consider how the applicant would be able to claim exemption u/s 11 or section 12 of the Act. - Decided in favor of Assessee.
|